DOOOOOOOOOOOOMED. We're doomed!
And yeah, it is hilarious hearing the likes of Beck and Hannity say these things when there is no chance they are squirreling their money away in gold.
Lets face it, many conservatives want to believe the stock market is on the edge of collapse because they can't accept anything would do well during Obama's tenure. Many, I think, WANT it to collapse. All these people do is put all their faith in the doomsayers at Zerohedge and elsewhere and will continually miss the boat in bull markets when leftists are running the country. Hussein is an awful president, but that doesn't mean every part of the economy will suck forever. Nor does it even mean we may not experience a market and general economic strengthening. Many of these types of people were likely predicting the same thing at the height of the 90's boom and missed a great opportunity to make a ton of money in the market. Will the market come back down at some point? Sure, no doubt. Does that mean one shouldn't buy and invest wisely? Certainly not.
People on the left tend to do the same thing when Republicans are in charge. Assume the worst, buy into everything written that predicts doom, and believe there is no way the market or economy in general could strengthen or have a strong growth period.
The American economy is improving somewhat in spite of Obama. I think there is a reckoning coming for our massive debt, and think eventually we are likely to see a major collapse under the weight of the social welfare state - but that could be a decade or more from now. In the meantime, the markets could go up for awhile, unemployment may continue ticking down, and the economy in general might rebound to some degree - simply because it is hard to keep the American economic engine down forever.
Please invest in a mix of liquid or useful commodities; gold, silver,wine, whiskey, farmland, foodstuffs and seeds, weapons and ammo for starters. A silver sandwich is hard to digest whereas whiskey can serve as money, medicine and entertainment.