Quote:
Originally Posted by Throndor
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Yeah, this shit is nasty. I pulled the ripcord when Wheaton Precious Metals popped +25% while everything else nosedived early yesterday.
I'm waiting for it to finish crashing before buying in at the bottom sometime mid-way through the year next year at this point.
Kids, you know that part where you said you never had a chance because the old coots inflated the prices on everything. Stack your cash and stay tuned for the bottom. This shits going down in flames like 2008 all over again at this point, and once it hits bottom, you're looking at the opportunity of a 700% rebound all over again. Greenspan going on the record stating a crash is imminent was the last indicator I needed to see whats up.
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This is where predators at the top buy up companies and consolidate their investments. People at the bottom of the financial totem pole don't have the liquid assets to purchase anything significant or to sequester a large portion of their cash in hopes of seeing a ROI.