Posted on 03/05/2009 1:08:05 PM PST by central_va
NEW YORK (AP) -- Investors fled Wall Street as fear grew about the stability of the nation's largest banks and worries mounted about General Motors Corp. The major market indicators resumed their slide Thursday after a one-day rally, falling to levels not seen in more than a decade as investors contended with more disheartening economic data, new concerns about the stability of GM and ongoing uncertainty about the financial system.
(Excerpt) Read more at finance.yahoo.com ...
I sold all my stock today to Taffini. I think the gig is up. The next shoe to fall is the absence of buyers for US debt. Thats when it really gets ugly. I would advise converting whatever you got from your stock to durable goods and other forms of currency (gold/silver) that may be worth something in the post-collapse period. You will be glad you did.
To me, its no longer a matter of IF this will happen, just WHEN.
how do you buy gold/silver? on paper? coins? this is new to me...it is like than damn movie Thunder Dome.
Hobama should get off t.v. because who wants to invest after listening to him rattle on?
Well we haven't had the capitulation yet. But we'll get it when GM, CITI and GE finally go under.
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