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comment by mk
mk  ·  3496 days ago  ·  link  ·    ·  parent  ·  post: Yellen Calls Stock Prices ‘Quite High’

Agreed. I have pulled some out, and am holding off on our Roth contribution this year in the chance that it crashes before next. Markets are impossible to time by nature, but I think we must be near a high-water mark. Once rising rates give alternative options for returns, money is going to move.





user-inactivated  ·  3496 days ago  ·  link  ·  

I've heard September will be the big correction from a few people. Some of them conspiracy theorists looking at 7 year cycles.

Nonetheless, I did the same.

mk  ·  3496 days ago  ·  link  ·  

Any reason why September? The most likely time for a rate hike?

user-inactivated  ·  3496 days ago  ·  link  ·  

Just speculation

Edit: I tried to find the source for the comments on this ZeroHedge post and the above was not it... so, it's ZeroHedge, but, yeah.

mk  ·  3496 days ago  ·  link  ·  

Seems probable. I am sure they feel like they have to prick the bubble, but don't want to do it too soon, and get blamed for an economic downturn.

It's pretty clear that the tools at their disposal can create asset bubbles much more efficiently than they can economic growth.