I don't have any money in the stock market, but I get the feeling that it will pop in 2018. I wonder if crypto will increase as a consequence. I believe so, but who knows. 3 days ago : https://www.businessinsider.nl/goldman-sachs-thinks-were-heading-into-a-bear-market-2017-10/?international=true&r=US 5 months ago : https://www.linkedin.com/pulse/big-picture-ray-dalio/ - There are significant long-term problems (e.g., high debt and non-debt obligations, limited abilities by central banks to stimulate, etc.) that are likely to create a squeeze, - Social and political conflicts are near their worst for the last number of decades, and - Conflicts get worse when economies worsen. Two days ago: https://www.bloomberg.com/news/articles/2017-10-16/a-crazy-stock-market-is-punishing-sellersGoldman Sachs has circulated a fascinating but scary research note to clients suggesting that the probability of stocks entering a bear market in the next 24 months currently stands at about 88%
Big picture, the near term looks good and the longer term looks scary. That is because:
- The economy is now at or near its best, and we see no major economic risks on the horizon for the next year or two,
“Two rockets flew over the land mass of Japan and nothing happened,” says Mark Connors, Credit Suisse’s global head of risk advisory. “There were no calls. That’s absolutely crazy.”