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SVTPerformance's Chain of Restaurants
Road Side Pub
Is it time to worry about the stock market?
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<blockquote data-quote="Blown 89" data-source="post: 16086182" data-attributes="member: 45161"><p>I don't need to know anything about stocks to apply statistical reasoning. </p><p></p><p>The median home price is out of the traditional metrics for affordability compared to income. Home prices have outpaced inflation by 35%. Gas has outpaced inflation by 75%. The essential costs of living are FAR outpacing inflation and FAR outpacing the average wage increase. Average education debt has soared, auto loan debt has soared, credit card debt has soared. In fact, every single essential cost of living is outpacing inflation by a staggering amount. Non-essential costs of living are also outpacing inflation by staggering amounts. On top of that people are waiting longer to get into homes and taking longer home loans once they do. Statistically people are saving less for retirement and household debt has soared to all time highs. </p><p></p><p>Explain to me how all of this is good? I realize everyone is convinced that everything will keep going up but reality is that it doesn't. In 2007 everyone was telling me I was an idiot for saving my money and not buying a house because investing in the housing market was a sure thing that would never end. Bitcoin? Same thing, it's going to soar past 100k....I was an idiot for not buying into it at 19k. Seriously, how have people not learned their lessons yet? There is a correction of some sort coming, it has to. The cost of living cannot keep blowing income out of the water and not have long term consequences. So there you have it, while I don't know anything about the stock market I can read statistics and I can spot the same bullshit arguments that are made during every bubble. It's not hard, history has a tendency to repeat itself.</p></blockquote><p></p>
[QUOTE="Blown 89, post: 16086182, member: 45161"] I don't need to know anything about stocks to apply statistical reasoning. The median home price is out of the traditional metrics for affordability compared to income. Home prices have outpaced inflation by 35%. Gas has outpaced inflation by 75%. The essential costs of living are FAR outpacing inflation and FAR outpacing the average wage increase. Average education debt has soared, auto loan debt has soared, credit card debt has soared. In fact, every single essential cost of living is outpacing inflation by a staggering amount. Non-essential costs of living are also outpacing inflation by staggering amounts. On top of that people are waiting longer to get into homes and taking longer home loans once they do. Statistically people are saving less for retirement and household debt has soared to all time highs. Explain to me how all of this is good? I realize everyone is convinced that everything will keep going up but reality is that it doesn't. In 2007 everyone was telling me I was an idiot for saving my money and not buying a house because investing in the housing market was a sure thing that would never end. Bitcoin? Same thing, it's going to soar past 100k....I was an idiot for not buying into it at 19k. Seriously, how have people not learned their lessons yet? There is a correction of some sort coming, it has to. The cost of living cannot keep blowing income out of the water and not have long term consequences. So there you have it, while I don't know anything about the stock market I can read statistics and I can spot the same bullshit arguments that are made during every bubble. It's not hard, history has a tendency to repeat itself. [/QUOTE]
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Is it time to worry about the stock market?
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