I will stay as I am. Just another wacko with stock motives.
Too many experts and their crystal ball is cracked.
I wish these experts would graph their predictions so we could tell if they are worth listening to.
Same with the religious leaders who predict the end of the world every time there is an outbreak of violence in the Middle East.
I am certainly no stock expert, but I consider all of the unusual events which have occurred over the past 2 years (including trillion dollar deficits, States that are bankrupt, stubborn unemployment, bank failures, out of control borders,etc. etc.) and I see interesting times ahead.
I do remember the old days when people considered such oddities as price - earnings ratios, and other fundamentals, when evaluating investments. Do they still do that today? What is the current price - earnings of the DOW?
The book “Aftershock” says the same thing as this guy. No “stock motives” in that book. With debt as high as it is and going higher, with jobs vanishing, with Obamacare pushing insurance through the roof already and with a record number of banks closing their doors I’m not sure what to think.
If you own gold it’s gone up in value by some 30% over the past 18 months. Levin, Beck, everyone talks about buying it as “leverage”. But leverage for what? To trade for food? Who would want gold for food?