Sorry to say, but I expect many more job cuts to appear in due
time as this cycle unfolds. We have been in a relative
period of calm but if you have the wisdom to look out further a
Category 4/5 is on the horizon (those words from Jamie Dimon will
ring true). I expect a great deal of turbulence to
materialize over the next few months right in line with the
historically difficult fall time frame. Get your house in
order now as it will soon be time to BUCKLE UP.
The bankers have always been a good guide for me. I was a banker
in my early days. I have watched Dimon and other CEOs as my guide.
When they sell, pay attention, when they buy pay attention. Using
this strategy saved me during the 2008-09 period. I was able to
sell my bank stock at 78, buy back at 32 (it would later fall to
16! but I held and got more), and later sell it all again in the
100s. No need to complicate things. Let these guys do the work for
me. It is their job after all.
Worst case is these guys keep me out of big trouble. Best case
is they make me a bunch of money. Adding this information in with
where markets are and the backdrop, buying supports really
increases the success ratio. From there, I just need to give it
time. If Dimon isn't buying more yet long term, neither am
I.
Being prepared allocation wise is warranted at all times. I
expect any long term money I have to be able to withstand a 40-50%
drawdown at anytime. That's the world we live in. Viruses, debt,
scams, wars, and who knows where it all starts and stops.
One thing is certain, the stock market is a great opportunity to
make money if buying and selling right over the long
term.
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WMT restructure after that profit
Posted by fundamentalvalues on 3rd of Aug 2022 at 05:15 pm
WMT restructure after that profit warning a bit back. Cutting jobs
Sorry to say, but I
Posted by steve on 3rd of Aug 2022 at 06:00 pm
Sorry to say, but I expect many more job cuts to appear in due time as this cycle unfolds. We have been in a relative period of calm but if you have the wisdom to look out further a Category 4/5 is on the horizon (those words from Jamie Dimon will ring true). I expect a great deal of turbulence to materialize over the next few months right in line with the historically difficult fall time frame. Get your house in order now as it will soon be time to BUCKLE UP.
The bankers have always been
Posted by fundamentalvalues on 3rd of Aug 2022 at 10:04 pm
The bankers have always been a good guide for me. I was a banker in my early days. I have watched Dimon and other CEOs as my guide. When they sell, pay attention, when they buy pay attention. Using this strategy saved me during the 2008-09 period. I was able to sell my bank stock at 78, buy back at 32 (it would later fall to 16! but I held and got more), and later sell it all again in the 100s. No need to complicate things. Let these guys do the work for me. It is their job after all.
Worst case is these guys keep me out of big trouble. Best case is they make me a bunch of money. Adding this information in with where markets are and the backdrop, buying supports really increases the success ratio. From there, I just need to give it time. If Dimon isn't buying more yet long term, neither am I.
Being prepared allocation wise is warranted at all times. I expect any long term money I have to be able to withstand a 40-50% drawdown at anytime. That's the world we live in. Viruses, debt, scams, wars, and who knows where it all starts and stops.
One thing is certain, the stock market is a great opportunity to make money if buying and selling right over the long term.