Quote Originally Posted by Gandalf View Post
Not enough, I want a proper correction. 40-50% is reasonable. And to then respond by making interest rates 5%. Flushing the toilet every now and then is really not a bad thing. If you owe a debt on a house that is 20 years long and rely on low interest rates then you rely on cronyism. I want a real economy that works properly with no QE or artificial stimulation. It just blocks the toilet some more. Flush it! Brock knows about this kind of thing. @brocktonblockbust
A drop of 40 to 50p is prob not likely anytime soon. I’d say 20% would be more likely. A forty to fifty percent drop would make a lot of us who short or invest on vix etfs very wealthy. It’s been a nine year bull. I was not shocked or nervous at all during that drop. When your up 300-500 percent over the years the short term drops don’t mean much. I’m really thinking we will be ok till 2020 or 2021. We are definitely due for a correction and with all the major trading done on algorithms the sell offs tend to become more extreme. It really doesn’t seem P/E are crazy at the moment. We have some like Netflix and Tesla which are insane but nowhere near the tech bubble. I say all this knowing I could be 100p wrong. Investing is never a 100p correct thing, there are a shitloads of too late, too early, should have got more and should have got less. Don’t hope for the worst miles, you know what the worst feels like, it’s not nice. The worst will always come, it doesn’t need our encouragement