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RE: The U.S. Stock Market Had One Hell of a Ride
Imo this is only the start, it might not break now, but I wouldn't give this huge bull market much more time before it pops... Probably in 2023, I heard a large portion of student loans are going to default that year... And sooner or later the US will have to stop printing the amount of money it's currently printing... let's wait and see... I wouldn't short or long that, I would try to go to each stock and see where I could make money, I heard netflix was a good stock to trade, don't really know since I like to trade the crypto market
Yeah, I'm wrapped up in crypto or my real estate investments so the stock market has been lacking my attention of late. Student loan debt is 100% the next debt crisis for America. I'll have to keep an eye on it for 2023.
I think the ever increasing stock buy back programs from major corporations keeps giving this market an underlying bid. There were several more big ones announced today.
Sooner or later this consumerism that we have will slow down, we can't be buying forever, we can't be printing money forever, or the money will become without value! We need to stop this whole debt system we got going on... if not then the whole thing will crash... Let's see the next couple of years where all of this will go...
We live in a world with finite resources in a society that keeps pumping money to generate more product consumption... we only have two option, either we stop using so much, or we use the earth until it no longer is able to support life!
Dividends and buybacks...That's actually the problem in crypto, we don't have any buybacks or any dividends, we don't have money being pumped 24/7 by adoption or large corpotations, we only have normal people taking loans to invest, traders removing thousands of dollars from the market and Eth ICOs cashing out because they are running out of funds to live... I know this will change, I know some cryptos that are going to pump the market 24 7 with money, but it will take some time...