I get investment advisers telling me that my retirement funds need to be in aggressive stock funds to take advantage of this “irrationally exuberant” stock market, but I’m not buying it. I am seeing too many businesses shuttered, too many lay-offs, too many signs of a coming depression that will make 2008 look like a picnic. This administration is setting the stage for it, they are exacerbating the situation by their policies, and the latent fall is just around the corner.
I’m afraid that when the fall suddenly occurs, the markets WON’T LET YOU, by executive decree, of course, sell out of your position. This sounds like crazy talk, but look at what’s happened so far with his edicts?
I suspect that there will be a call to seize 401K assets to pay for SS. The coming crash will be the reason.