DOW -364 points today!

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>"start a 401k" /biz/ said
>"invest in the market" /biz/ said

>>1040797
401k and other retirement investments have no bearing on day to day stock market outcomes because your event horizon is over 20 years into the future.

In short, don't get mad over retirement taking a dip in the near term since you have plenty of time.

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>>1040797
>not listening to based "Schiff for the last 2 years

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>>1040797
Most conspiracy therorist gave up on the general public, they decided to bet against the system and normiee by making money now. I'm not talking about mainstream conspiracy therorists, I'm talking abou

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>>1040830
I've listened to him past 5 years. Im down 70%. I think he and maloney are wonderful.

This is why you only have a 1/3 of your nest egg out at any given time. A correction like this is a buyer's market and all the big boys will be snapping stuff up like crazy. They already are.

>>1040826
This. So many millions of times this.

Still, dollar cost average.

>>1040842
>the market generally experiences major downturns/crashes every 7-8 years

This is totally not common knowledge.

>>1040868
His advice has always been to just to have 10-15% of your portfolio in gold and silver just in case shit hits the fan. He doesn't really talk about what stocks are good and which are buy now or sell now.

If you don't have any money in stocks and just want an excellent hedge against inflation, then putting a percentage of your savings in gold and silver is an excellent idea. He has never suggested buying gold to make a profit.

Getting close to that low from the fall...

>>1040868
>I've listened to him past 5 years. Im down 70%.

Are you down because you listened to his advice or not?

>>1040830
he's been a doom and gloom forecaster for his entire career. even a broken clock is right twice a day.

Indexing a market based upon 30 companies

DOW

kek

>>1041111
How retarded are you?

>>1040877
>the big boys will be snapping stuff up like crazy. They already are

This

I ina large international IB with a large equities division. The shares traded on the darkpools are going for a .5-2% premium over the shares traded openly on the NYSE and NASDQ. Premium means the institutionals don't want to sell. We waiting for the market panic to buy oversold equities on the cheap

>>1041149
most dark pool trades happen at mid so I'd expect on average during any down day there would be a darkpool "premium" -- how has this measure looked in the past?

agree that the big guys are trying to pick up oversold eq on the cheap. just look at what UBS and JPM are going public with: "buy gold, sell stocks" "short any recovery"

if the banks are telling you to sell, whos going to buy?

>>1040991
lol you're an idiot

>>1040868
>Im down 70%
>I think he and maloney are wonderful.

well which is it anon?!?!?

>>1041551
Actually you are.

Peter Schiff's advice at January 2015 (asked to invest 100.000) was:

1) Bet against the dollar (appreciated against pretty much every other currency)
2) Go short on social Media Stocks (went up over 20%)
3) Buy a lot of gold and silver (down10% and 8%)
4) Buy miners (-20%)

Wew lad. Keep following this market wizard's advice.

And? Dollar cost average. It'll all go back up even higher than before. Literally the lower it falls the more you buy desu.

Keep buying. Everyone that bought throughout the last decline made dosh.

>>1041720
Holy shit you are very retarded

He is 100% right

>>1041168
Not who you're responding to, but to answer your third question: people who get how it works. I only wish I had their money to play with this week.

>>1041720
>Peter Schiff's advice at January 2015

THE REAL CRASH HASNT EVEN HAPPENED YET YOU DENSE MOTHER FUCKER

His advice was for the real crash which is happening now

the truth is schill has absolutely no idea what he is talking about

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Sp500 +1,8
nasdaq +2
dow +1,6
all futures hell green

>>1040826
Exactly. Unless you trade for a living, watching stocks every day/week/month is going to just cause you stress and maybe even contribute to a stupid decision like pulling money out unnecessarily.

Check on accounts every quarter and evaluate portfolio positions every year or so.

Here’s one key takeaway from the Labor Department’s report Jan. 14 on import prices, costs of imported goods excluding fuels declined 3.4% last year, the biggest annual decrease since records began in 2001 and representing the challenge faced by the Federal Reserve in achieving its inflation goal. • Cost of imported capital goods dropped 2.5% in the 12 months ended in December, the most since November 2002. • Imported foods prices were down 5.2% over the last year, the biggest decrease since August 2009. • Non-fuel industrial supplies and materials costs dropped 11.1% in the year to December, the most since October 2009. •

>Prices of exports from the U.S. slumped 6.5% in 2015, the largest annual decrease since the index was first published in 1983.

This is why. America isn't producing shit and they're being fucked by low oil prices and no exports.

>>1042037
yeah my question was more rhetorical -- obviously the institutions are buying

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>>1042326
>All these things cost less to the American people
>This is a bad thing for the US economy and its investors.

>>1042423
Short term Americans profit but how will the economy fare when less money is brought into the country and foreign products become even cheaper and stifle even more internal production?

>>1042433
>Products become cheaper
>bad

This is why the stock market is failing, it's levered up by people that have no grasp of economic fundamentals

>>1040884
This - I've got a nice lil stack of gold in my safe, helps me sleep peacefully this month thanks to Schiff and Ron Paul.

Also a gun in case one of o'bammer's sons comes a knockin for muh unregulated currency

>>1043795
Foreign products m8

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>>1043795
Yeah, that's why stock market is falling. People who have no grasp of fundamentals have invested in it.

There'll be some ups this week, bunch of reports coming out and a couple big earnings calls too. Still choppy sailing til summer though I think.