There really isn't much point to worrying too much about the market. If it actually gets bad enough to severely damage all of the companies that make up the stock market, nothing I do financially is going to matter that much. I probably won't have a job. There won't be anyone making sure my house is provided electricity and heat.
The government will print so much money that the dollars you saved by selling stocks and going to cash aren't going to be worth anything anyway. Even gold is probably only going to make you a target for the people who have guns after the collapse.
Guns and canned goods are really the only practical alternatives to stocks, bonds, and real estate. In fact, just stick with the guns. Guns will get you all the canned goods you want.
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Originally Posted by danm
I'm impressed with the steadfastness people are showing in this market. Many things are coming up that we haven't seen in our lifetimes, lowest savings rate since the Great Depression, first national housing bust since the GD, largest leveraged markets, corps and individuals since right before the GD, and recently the worst first week showing in the DOW since 1932.
Hats off to you folks! I forecast this and planned accordingly - but it scares the willies out of me!
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