Going to sell another significant chunk on Monday when the market opens.
Time to reduce risk and get out of the way when it all comes down.
Bernanke already told us he will continue to pump money into the system until unemployment is down to 6.5%. Continued devaluation of the dollar will inflate the cost of all commodities. I am buying oil stocks.
I agree with your thinking, time to cash in. I have been about 20/80 on stock/cash.
I will soon be about 0/100 and most of my cash has been removed from the banking system redirected into hard precious metals and tradable goods, entirely anticipating the collapse and run on the banking system and subsequent freeze by the feds.
I guess I am one of those terrorist classified by the feds since I definetly have more than 7 days of food stores and am prepared to defend it.
I just did the same.
Anyone have advice on the best way to sell off and not pay out the old poop shoot in taxes?? I have some brokerage accounts and a few mutual funds that are making me very nervous. I am fairly stupid on the market and need some good solid advice on getting out and not getting soaked by the government!