Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.” TIME TO EXIT MARKET IMHO.

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by Hephaestus4

David Hunter (a contrarian investor) said market can correct 10% then melt up about 38%, in which S&P 509 will reach 6,000 to 7,000. After Melt-up there will be 80% drop. Another possibility market just drop 50% to 80%. Either way the trend is down eventually. The Fed going to raise interest again and possibly again make me very nervous and doubt the 38% melt-up will happens.

 

 

There’s debate about whether the U.S. will or won’t enter into a recession but actually the global economy is already in one.

There’s a ferocious debate about whether the U.S. will or won’t enter into a recession, but the global economy is already in one.

That’s the view of Dhaval Joshi, chief strategist of BCA Research’s Counterpoint. He says that for global purposes, a recession is less than 2% growth rather than outright deterioration. He points out that Oxford Economics’ nowcast is that the world economy is growing at a 1.2% rate, and also points out that China is growing around 5%, the U..S. less than 2% and Europe is flat-lining. Export heavy economies in Germany, Sweden and South Korea are struggling.

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