Get Out Of Stocks Before It's Too Late

[cholwell]

Can you address the issue of the FED being a private corporation charging the government enormous amounts of daily interest therefore eliminating the possibility of paying down the national debt. How do you address that money is just paper? That it has zero backing, that people are beginning to understand that it is a debt based system via the very foundation of fractional loans. Lots of questions that can unlikely be answered. Prep yourselves people, we have some major changes on the horizon

[MorpheusWasRight]

people say the US is being bankrupted delibrately, which i suppose is true if the people at the fed and government just sit by and don't intervene, i'm not into stocks, too complicated but i understand gold n silver very well

[darkmath100]

"Get Out Of Stocks Before It's Too Late ".....

You're right to think the stock market should crash. You were wrong in fighting the Fed. You don't know what POMO is and it's effect on stocks. Follow POMO activity on ZeroHedge and you could have made a but load since Auguest going long stocks.

Peace out.

[Melville10]

Liz Warren was on the Charlie Rose show recently. She said the slated resets from 2011-13 in commercial real estate terrify her.

[craigenputtock]

We are not replacing jobs? But President Clinton assured us when he signed NAFTA that we would have high-paying service sector jobs!  I don't understand!

[MrVocalBaby]

Hi, you say staying in cash. Do you have it stacked at home? In case of collapse, I believe you can forget about the bank handing it to you. And what about precious metals? Is it not better having PM rather than cash? What do you think? Thanks.

[drutter]

Agreed about the markets, but I'd add that one should be looking at the precious metals gold and silver rather than holding paper over the next year.

[jenndawg000]

Hi Chris, I am a novice to the market. What type of indicators tell you that the market will plunge? Thanks! Peace & Prosperity

[cgreene34]

@jenndawg000 Trading volume is anemic, 17% U6 unemployment rate and still not improving, 8 million homes in foreclosure including shadow inventory still has not hit the market, home prices still declining across the country (-50+ percent in states such as AZ), 2.4% real GDP growth is weak based on recent estimates, massive deficits 13 trillion and growing, Government is supporting the illiquid mortgage back security market Fannie/Freddie, huge bid on US Treasuries (2-year at all-time low)...

[jenndawg000]

@cgreene34 everything has been going up really high in the last two days, why do you think that is happening despite the gloom we are in? thanks chris

[cgreene34]

@jenndawg000 The market has been up the past few days but is in the worst bear market in history since the 1930's. The market can be irrational at times but the fundamentals will always matter long-term (i.e. the stock market collapse in 1929, the tech bubble collapse in 2000's, the housing and stock market collapse in 2008) and now the sovereign debt fueled collapse that we will have in 2010.

[cgreene34]

@jenndawg000 the list goes on and on :)

[MichaelDanePetersen]

Chris, thanks for your expertise & knowledge. I am not currently in the stock market, nor do I have an IRA/Roth IRA or a 401K. I do however, have small savings which I am backing with silver. For every $20 bucks in cash I have in my credit union, I back it with one ounce of silver (physical one ounce coins that I keep in a safe at home). My girlfriend thinks I'm crazy & wants me to get back in the market. What are your thoughts? Am I crazy?!

p.s. you remind me of Schiff meets Gretzky

[cgreene34]

@MichaelDanePetersen Thanks for the comments! I've heard the Gretzy comment before (cool with me, he was a great hockey player, ha). No, you are not crazy. Stay liquid and continue to save. There will be a better time to get back into the market. I would wait until we close out the remainder of 2010 before considering stocks. There will be a better opportunity to buy and then you can diversify out of some of your precious metal holdings.

[MichaelDanePetersen]

@cgreene34, thanks for the advice Chris. I'll stay tuned for more of your vlogs.

[perfectscotty]

The stock market number means nothing if you are unemployed, cannot pay any of your bills, cannot find a job and cannot afford to relocate. Don't fixate on the stock market so much, a deppression is a personal thing and you won't believe in "great deppression II" until you yourself experience it. Great video !

[perfectscotty]

The stock market number means nothing if you are unemployed, cannot pay any of your bills, cannot find a job and cannot afford to relocate. Don't fixate on the stock market so much, a deppression is a personal thing and you won't believe in "great deppression II" until you yourself experience it. Great video !

[lextalionis2001]

i think there is almost always more room for PM in any portfolio. Thanks for posting chris

[stripe64]

I'm curious what you think of Peter Schiff?

[DontMeanWell]

I actually bought FAZ (financial bear) at $12.94 near the end of the trading session. Let see how it goes. I put a sell limit order at $12.47 Just in case i bet wrong. I'm crossing my fingers.

[drkevincampbell]

Chris, you have to check out Richard Koo on You Tube. Says we are following path of Japan deflation.

[StillToListen]

I just heard today, the first of the year there will be dramatic tax increases in capital gains, so being we would expect considerable selling before the end of the year.

[Awildwildworld]

chris does selling into a rally mean selling part of or all of a position for a profit? and what does it mean to be hedged. SOrry novice here trying realy hard to learn as much as I can.

[cgreene34]

@Awildwildworld No problem. We have been selling our long postions and have closed out some positions entirely. Hedged means we are short certain stocks, short the broad index, own put options, own volatility, treasuries, or precious metal stocks or ETF's. Hedged just means you own an asset class traditionally not correlated to the stock market. When stocks go down, you're hedged positions go up in value and help to mitigate losses.

[Awildwildworld]

@cgreene34 smart. Thanks for explainin appreciate it.

[cgreene34]

A professional trader/advisor can certainly help you mitigate the risks and help you to make money. However, the best advice I will probably ever give is to go to the sidelines and wait out the remainder of 2010. We are sitting on very large cash positions and are hedged. We were selling into the rally today and have been for the past few weeks.

[Awildwildworld]

by tha way says alot that you say that you actually give a sh-t about us enough to care or warn

[Awildwildworld]

Chris don't know if you saw this charles biederman video sounds alot like you

username trim tabs charles biederman statement july 20

[Awildwildworld]

the volume apparently was pathetic but if "they" want a market rally they'll get it. I dunno what's goin on but it seems faitrly obvious the govt is tryin to hold things together. the yahoofinance & cnbc dudes are at it sayin we're on the road to recovery etc etc.. Chris there's somethin I wanna ask you. I get that someone shouldn't be in the market in a buy and hold way, but couldn't someone who has the help of a talented trader get in and out & make money regardless? forex? quick trades? etc

[cgreene34]

@Awildwildworld Sure, the guys on CNBC say Buy but that is probably the biggest contrarian indicator in the book. They also told you to buy Bear Stearns, Merrill Lynch, Washington Mutual and General Motors right before the crash. Average analyst expectations for major firms is about 1300 for the S&P 500 by the end of the year.

[borderpatrol05]

the volume today was absolutely pathetic, people who are buying don't know any better

[Awildwildworld]

Thanks for the video Chris