The market is on the brink of unprecedented crash, warns veteran financial strategist

10 comments

1. Dietrich is probably better than most but unless you can give a timeline and not just sometime in the future these things are meaningless. Time in the market vs timing the market and all that. 

   To give an example those who have been waiting for the market to crash since the Covid lows need a 50% crash just to get to invest where others did during covid. Timing the market is stupid. 

2. Hey, at least professionals are finally starting to ring the warning bell. I think a lot of us have felt this coming, but been unable to articulate it, so at least now maybe people will start to listen.

3. Sure it is

4. I have a weird belief that doomerism from more financial strategists and talking heads is a bullish signal because most crises are not easy to predict and therefore not prevented.

5. Is the crash in the room with us now?

6. Of course! Now that my IRA (that came from the only job I’ve ever had that offered a 401K) is going great.

7. Funny. During the crash after covid, these guys kept saying everything was OK. After every 10 percent drop, they denied the ongoing recession. Now they’re foreseeing a crash soon? Yeah, I’ll do the opposite.

8. Economists have predicted 3 of the last 100 market crashes

9. Economists have predicted 713 of the last 2 actual recessions.

10. This is either right or wrong.