A respected economist predicts 80% drop in the Dow in 2017
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In his book “The Age of Deception”, James Dale Davidson predicts a “Black Swan” event with the stock market plunging more than 50% and with the Dow
Jones Industrial Averages (DJIA or DOW) dropping 80% in 2017. He promises to tell you what to do to protect your investments and how to “survive and prosper” through the stock market crash that he is certain is coming. A drop in the Dow of 80% can only mean that he is predicting a severe recession or worse, a depression in 2017. What can you do? See the Chapter, "Pinpointing the Official Start of a Recession".
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My 401k retirement savings was fully invested in the stock market. Sometime around the middle of August 2007, I got out of stocks and I put my balance into a money market fund. I stayed out of equities until December 1, 2008. On December 2, 2008, I reinvested my money back into the same funds they were in before I exited the market. By the end of 2009, the balance of my portfolio increased by more than 50%. This is after backing out new contributions and their earnings. See the charts in chapter, "How I Earned 50% Return on My Money in Just One Year".
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Managing My Investment Portfolio – My personal investment strategy can be described as “wealth preservation on auto-pilot” so I do not spend much time analyzing and worrying about current events that affect the market. Investing is not rocket science. I know that business, financial, political and economic news are market movers and will cause volatility in the market. So what’s the point of worrying? What is the point of watching the market go up and down and stressing over paper losses of 10% to 20%? I am not going to take my money out if my portfolio goes down 20%. I am not going to take my money out if my portfolio goes up 20%.
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Most of the best selling financial advice authors have a competent investment strategy which is, "buy, hold and stay the course...because the market always goes up". But most of them do not have "an exit strategy" in order to avoid the typical 30-60% drop in stocks when a recession hits. This is what we will explore and learn in this book. How and when to get out of stocks before the stock market crashes.
*********************************************
I can frankly tell you that I have never lost money in the stock market. The reason is I know the behavior of the stock market----it goes up, it goes down. Historically, in a period of expansion there is a correction of 10% or more every 6 to 12 months. There is a correction of 20% or more every 12 to 18 months. I only check my account when the market is up. I am in for the long term and don’t need my money now so why will I stress myself out checking my balance after the Dow goes down 500 points? I know my balance went down. Will it make me feel better to know by how much? Will I turn my paper loss into a real loss? Of course not! What I look out for are signs of a recession because the stock market typically gives up 30% to 60% of its value by the time the bear market that follows a recession reaches its bottom. See the timeline under the Chapter, “Inverted Yield Curve, a Harbinger of Gloom and Doom”.
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http://didosphere.com/countdown-to-the-stock-market-crash/
**********************************************************************
In his book “The Age of Deception”, James Dale Davidson predicts a “Black Swan” event with the stock market plunging more than 50% and with the Dow
Jones Industrial Averages (DJIA or DOW) dropping 80% in 2017. He promises to tell you what to do to protect your investments and how to “survive and prosper” through the stock market crash that he is certain is coming. A drop in the Dow of 80% can only mean that he is predicting a severe recession or worse, a depression in 2017. What can you do? See the Chapter, "Pinpointing the Official Start of a Recession".
************************************************
My 401k retirement savings was fully invested in the stock market. Sometime around the middle of August 2007, I got out of stocks and I put my balance into a money market fund. I stayed out of equities until December 1, 2008. On December 2, 2008, I reinvested my money back into the same funds they were in before I exited the market. By the end of 2009, the balance of my portfolio increased by more than 50%. This is after backing out new contributions and their earnings. See the charts in chapter, "How I Earned 50% Return on My Money in Just One Year".
*************************************************
Managing My Investment Portfolio – My personal investment strategy can be described as “wealth preservation on auto-pilot” so I do not spend much time analyzing and worrying about current events that affect the market. Investing is not rocket science. I know that business, financial, political and economic news are market movers and will cause volatility in the market. So what’s the point of worrying? What is the point of watching the market go up and down and stressing over paper losses of 10% to 20%? I am not going to take my money out if my portfolio goes down 20%. I am not going to take my money out if my portfolio goes up 20%.
********************************************
Most of the best selling financial advice authors have a competent investment strategy which is, "buy, hold and stay the course...because the market always goes up". But most of them do not have "an exit strategy" in order to avoid the typical 30-60% drop in stocks when a recession hits. This is what we will explore and learn in this book. How and when to get out of stocks before the stock market crashes.
*********************************************
I can frankly tell you that I have never lost money in the stock market. The reason is I know the behavior of the stock market----it goes up, it goes down. Historically, in a period of expansion there is a correction of 10% or more every 6 to 12 months. There is a correction of 20% or more every 12 to 18 months. I only check my account when the market is up. I am in for the long term and don’t need my money now so why will I stress myself out checking my balance after the Dow goes down 500 points? I know my balance went down. Will it make me feel better to know by how much? Will I turn my paper loss into a real loss? Of course not! What I look out for are signs of a recession because the stock market typically gives up 30% to 60% of its value by the time the bear market that follows a recession reaches its bottom. See the timeline under the Chapter, “Inverted Yield Curve, a Harbinger of Gloom and Doom”.
**********************************
http://didosphere.com/countdown-to-the-stock-market-crash/
