The First Hint That We May Be Facing Another 2008 From This Famous Source - Time to Prepare?
This famous source hints we may be facing another 2008.
As for whether it's time to prepare, you should always be prepared if you're an investor. Soros, a successful investor, prepares all the time. Indeed, one has to temper his public comments with the understanding that he may say one thing and do another.
We also note this: These first few days of January are reported to the worst start for the stock market since 2000 - the first year of a horrendous 3-year bear market. And we would do well to recall that, despite the ominous start, markets turned around and headed up with such a vengeance that even Mr. Soros, who initially played his hand under the assumption that trouble lay ahead, reversed himself and poured money into the stock market, taking a nasty hit along with much humbler souls when the market did finally reverse and head down into its long and brutal bear slumber.
What to make of all this? One thing we'll likely see: If stocks crumble dramatically, a rally will almost surely follow, with clarion calls to buy the dips and jump in with both feet. That should assure the usual tragic losses that Mr. And Ms. America experience when they follow their emotions - in this case greed - fretting that they'll miss what the media will surely present as a great opportunity.
If nothing else, remember that being prepared means, among other things, resisting the urge to react when prices more violently.
Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday.Should we take heed? Well, later in this article, we're reminded:
Soros has warned of a 2008-like catastrophe before. On a panel in Washington in September 2011, he said the Greece-born European debt crunch was “more serious than the crisis of 2008.”Of course, Greece didn't plunge the world into the deep, which softens today's warning - at least for the major media outlets. Don't forget they're going to be the last to sound the alarm if we do indeed head in the direction of 2008. What we've seen here is a sort of "hedging" device: Use a major figures comments such that we can always claim we did in fact report trouble ahead.
As for whether it's time to prepare, you should always be prepared if you're an investor. Soros, a successful investor, prepares all the time. Indeed, one has to temper his public comments with the understanding that he may say one thing and do another.
We also note this: These first few days of January are reported to the worst start for the stock market since 2000 - the first year of a horrendous 3-year bear market. And we would do well to recall that, despite the ominous start, markets turned around and headed up with such a vengeance that even Mr. Soros, who initially played his hand under the assumption that trouble lay ahead, reversed himself and poured money into the stock market, taking a nasty hit along with much humbler souls when the market did finally reverse and head down into its long and brutal bear slumber.
What to make of all this? One thing we'll likely see: If stocks crumble dramatically, a rally will almost surely follow, with clarion calls to buy the dips and jump in with both feet. That should assure the usual tragic losses that Mr. And Ms. America experience when they follow their emotions - in this case greed - fretting that they'll miss what the media will surely present as a great opportunity.
If nothing else, remember that being prepared means, among other things, resisting the urge to react when prices more violently.
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