Guess what? No way the US loses 50% of its value.
If you’re so certain, then I wouldn’t be out of stocks, but rather invest in large out of the money puts. Or hell why not go short completely? If your’re so certain of the impending collapse of our great nation, then why the hell not make a few bucks off of it?
Oh yeah, it’s because you have major lack of understanding on the U.S. economy and investing in general.
You may think that most people hate Wall Street, but MOST people ARE invested in stocks or other U.S. securities. We cannot and will not allow the retirements of our citizens to decline 50%.
So, then it is your belief that current US stock market valuations are NOT the product of govt deficit spending? No, your earlier response indicated that you realize that stocks will collapse if the govt is no longer allowed to keep borrowing >40% of its budget. You think this is somehow sustainable, or that the end result won’t be worse the longer we continue this charade?
Bottom line is, the stock market is a sham being kept afloat by an unsustainable govt ponzi. Our nation is more than the speculative value of corporate stocks, and I have a very good understanding of how our economy works (or doesn’t work, as is the case now).
Your posts are indicative of someone with alot of money still riding in this “market”. Good luck with that.