It will be interesting. I am losing a lot of money in my McDonald’s stock (I bought at 33 dollars but it was over 100 earlier this year and now it is only at 84). Walmart I have stock that is doing really good. I have had both for 18 years. The stock market has always been volitol but perhaps it might be more so this year. It depends on taxes IMHO.
Yawn...Americans voted for the collapse, and who can say no to an insistent, grasping American?
Bush warned of this no less then 4 separate times, Peter Schiff and I think Calente too were shouting this from the roof top and all were roundly dismissed as well as laughed at.
Google “Barney Frank + Maxine Waters + Freddie Mac” for a stroll down memory lane.
This “article” is nothing more than a thinly veiled commercial for Robert Weidemer’s book. Check it out. Follow the links.
I believe I also saw ‘5 signs’(or whatever) that stocks were gonna collapse in 2009, 2010, 2011, and 2012 too. Never happened. They ARE entertaining though.
I thought the collapse was suppose to be at, or by the end of this year?
It has been delayed on the account that it was full of crap? The stock market may bounce because of traders but companies still are worth a great deal of money, and investors know that. Don’t be a trader (unless you trying to be one) be an investor and sleep at night.
What will be hurt is inflation - but you probably want your money in an asset that will rise with inflation. Commodities seem to make the most sense and then stocks. Holding cash is dumb for the long term.
IMO
I see a more likely scenario is a 6-8K Dow, and a deflationary trend in several areas. 1935 redux.