“The Stock Market Crash”
Trader Scott’s Market Blog
December 18, 2016
It is truly disgusting the scare tactics which are used by way too many frauds in this business. And for whatever reason, it’s usually centered on buying PMs to “protect” ourselves. Basically these scare tactics are sales pitches, as if the ridiculous notion that there is any asset class which will provide “insurance” is valid. The only “true” “protection” is to move to all cash and then to take the risk of sitting in a bank or under a mattress. There is no right answer here. All we can do is to mitigate/minimize risk. The way to make sure we lose money is to blindly buy anything due to emotions, like greed or fear. Silver in late 1979-January 1980 or late 2010-April 2011 are great examples of this. And it is baffling to me how anyone can say just buying and forever holding silver which is still 1/3 of it’s January 1980 high can be seriously put forth as a way to “protect” oneself long term. Of course if someone were to look at all markets impassionately and to know there are times when we must sell, then silver becomes a wonderful market to invest in at times.One way, actually the first step, is to buy assets which are truly hated and undervalued. Both of those concepts will help somewhat, but even just basic timing tools will help hone these entry points tremendously. We need a lot of patience to wait for these opportunities to set up, and often we need patience to allow these to play out. But nothing in this business is remotely easy.
The above linked article (scare tactic/sales pitch) is another effort to claim the stock market is a bubble and will have a massive crash. I have been vehemently fighting this claim for years. It’s somehow been promoted since 2009 when we had a massive selling climax in the Fall of 2008-March 2009. This was a huge secular low in stocks as I’ve stated many times. But that does not mean I believe currently this is a great investment entry point into stocks. There will be another one, as any major 30% plus selloff will be a fantastic investment opportunity. In the meantime, there will continue to be trading opportunities.
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day.Scott returned to markets over fifteen years ago where he continues as an independent trader.