The Dow is down big over the last week. Over 600 an hour and a half into today's trading.
Where do you think the market is going in 2019.
I think the stock market has a lot to lose - before its over I expect a 20%+ haircut within 2 years. 2019 will not be a good year.
We will be in a recession within 30 months. Interest rates are past neutral at this point and short term capital is going to be very expensive compared to the past decade. The bond market reversal in the 3 and 5 year T bills is a bad sign, and the 2/10 are looking to invert.
Real estate is looking like conditions that existed in 2017. We're putting our house on the market in May and taking profit. It was a short term investment and we want to wait for the inevitable buyer's market. We bought in May 2016 on a private contract. It went from essentially zero equity to around 35%.
Where do you think the market is going in 2019.
I think the stock market has a lot to lose - before its over I expect a 20%+ haircut within 2 years. 2019 will not be a good year.
We will be in a recession within 30 months. Interest rates are past neutral at this point and short term capital is going to be very expensive compared to the past decade. The bond market reversal in the 3 and 5 year T bills is a bad sign, and the 2/10 are looking to invert.
Real estate is looking like conditions that existed in 2017. We're putting our house on the market in May and taking profit. It was a short term investment and we want to wait for the inevitable buyer's market. We bought in May 2016 on a private contract. It went from essentially zero equity to around 35%.
