Wednesday, August 16, 2017
Friday, August 4, 2017
Thursday, January 26, 2017
Wednesday, August 10, 2016
Dow Jones Industrial Average (DJI) Has Peaked
I'm not sure that anyone reads this blog anymore. I don't blame them, I haven't updated it in over 2 years. But I felt like I needed to issue this warning for anyone who might still be out there. But before I do, I need to remind everyone that I'm not an expert in finance, the stock market or in building wealth. Historically I have done a poor job with my own money. But I have learned a few things along the way, and my sentiment now is to be cautious. I don't trust the stock market, or the Fed with the way they keep suppressing interest rates. Just be safe...
I'm making a prediction that the Dow Jones Industrial Average (DJI) will never get above 18.7k (at least not before 2020). It reached a high of $18,622 on July 20th 2016 and I believe that was the peak. I think there will be a big stock market crash before the presidential elections this November and I think the peak has already happened. We might rise up to that level again ($18,622) before the drop, but I'm comfortable saying that we will never surpass the 18.7k watermark.
I don't know when exactly the market will drop, but I'm guessing sometime in the next 3 months. My prediction is that the stock market in general (but specifically the DJI) will lose more than 45% from whenever it turns. I'm actually afraid that it will lose much more than that, but again I think we are in for a drop similar to what happened in 2008. It took 17 months to drop from a high of $14,198 in October of 2007 to a low of $6,470 in March of 2009. That's a loss of almost 55%.
The worst of it was when the market lost 18.1% in the first 4 months after October (from $14,198 to $11,635). That should have been the warning, but I like most Americans thought the worst was over. I stuck it out and ended up loosing about 40%. This time, I'm expecting a 10-15% drop before the elections, and the rest to slowly bleed out over 2017. I have pulled as much money as I can out the stock market and placed it in money markets to wait it out. God bless and be safe!
I'm making a prediction that the Dow Jones Industrial Average (DJI) will never get above 18.7k (at least not before 2020). It reached a high of $18,622 on July 20th 2016 and I believe that was the peak. I think there will be a big stock market crash before the presidential elections this November and I think the peak has already happened. We might rise up to that level again ($18,622) before the drop, but I'm comfortable saying that we will never surpass the 18.7k watermark.
I don't know when exactly the market will drop, but I'm guessing sometime in the next 3 months. My prediction is that the stock market in general (but specifically the DJI) will lose more than 45% from whenever it turns. I'm actually afraid that it will lose much more than that, but again I think we are in for a drop similar to what happened in 2008. It took 17 months to drop from a high of $14,198 in October of 2007 to a low of $6,470 in March of 2009. That's a loss of almost 55%.
The worst of it was when the market lost 18.1% in the first 4 months after October (from $14,198 to $11,635). That should have been the warning, but I like most Americans thought the worst was over. I stuck it out and ended up loosing about 40%. This time, I'm expecting a 10-15% drop before the elections, and the rest to slowly bleed out over 2017. I have pulled as much money as I can out the stock market and placed it in money markets to wait it out. God bless and be safe!
Friday, January 10, 2014
Something is Happening...
Something is happening over at the Lord of Assets blog. I don't want to say to much, but I'm excited about the direction it is going and if you somehow managed to get here and not stop there first I would kindly redirect you back to LoA for more interesting updates. This is the mothership, but usually the more interesting stories take place with the lone fighter ship out exploring rather than back on the carrier.
Tuesday, May 28, 2013
Battle City Art Show
I'm participating in another pokemon art show this fall. Here is the link to the Kickstarter. I participated last year as well. Here is a video that explains more about it.
The Mothership
I'm designing this blog to be the central hub to all of my online properties, profiles and presences. The 3 Ps I'll call them. I own something like 6-8 different urls, have a few places online where you can view my artwork and have a couple different twitter feeds. It only makes sense to have a central hub with links to all those things.
You may notice the box in the upper right-hand corner of this blog that is labeled Bucketofchuck Corp. This box contains links to all of my websites; some of which have not been updates in a very long time. The original bucketofchuck site is still there in all of its late 90's html glory. I intend to keep this as the central connection to everything I do on the web.
I also need a place to develop my online portfolio. I will post images of my drawings and paintings here as well. Those may be linked to my divant art page, or a flicker stream but you should be able to access them here as well. Cheers!
You may notice the box in the upper right-hand corner of this blog that is labeled Bucketofchuck Corp. This box contains links to all of my websites; some of which have not been updates in a very long time. The original bucketofchuck site is still there in all of its late 90's html glory. I intend to keep this as the central connection to everything I do on the web.
I also need a place to develop my online portfolio. I will post images of my drawings and paintings here as well. Those may be linked to my divant art page, or a flicker stream but you should be able to access them here as well. Cheers!
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