Its doesnt matter if its 20000, the value of the market directly relates to gold. And the ships sinking
I wish the US dollar was still based off the gold standard. According to some economists (economic library), the gold standard during its time as the actual standard used by the US "classic gold standard" inflation averaged only a .01 percent increase a year.
Yeah, I wish we could have some say over our monetary policy, but we are stuck with what we got now. I'm sure the banks would never let us change.
Nope! It'll only make things worse. I'm betting we'll see the market drop below 7000 before the end of the year if not sooner. U.M.
soooo, i guess your saying that i should hold off before putting any more monies into my ira? i say 75xx by july, >7k by dec.
Until the market turns around you would be better off buying gold as gold always flourishs when the market is in despair
yeh, problem is gold is already out of reach, maybe 10th oz coins or silver. The way im seeing it now is that im buying inexpensive shares. Funds that were at 35 bucks a year ago look purty good at 20, and my bond fund went from 12 to 8, its monthly dividends buy a lot more reinvested now. Im young enough that i can see it this way. I feel for anyone that was looking to retire in the next five or so years though.
Yesterday (Friday 20 Feb.) there was speculation it will drop into the low 6000's if not lower. I think most of the slide is done. That's not saying much as the market is down 50% or so. Yesterday it was mentioned the market is at it's lowest point in 6 years, and looking at the time frame, shoddy financial practices and building wealth on thin air seem to coincide with ~ doubling of the market. So it would only stand to reason when the air goes out of the wealth the market would follow. In short, the drop in the market is a correction and stocks/ holdings are resetting to their true value.
Thank you Blowbama. This guy is a retard who doesnt have any place running a vacuum let alone a country.
It's the big boys that control the stock market. These guys knows what makes the economy work, and what makes if fail. Each of of these guys knows more than all of Washington combined. They know Obama is going to fail, and they are going to continue to pull the money when it's most convienent and not put it back. Once rapid inflation starts and such, watch it drop 500pts a day. So... why arn't these guys in charge? Because why would they want to presue a life in politics when they have it good where they are. Politicians are nothing more than sales people. They don't know what they are doing, but they know how to talk about it. It's the engineers that make the product.
im going to go with wart on this one, I think that the biggest part of the slide is over. It may still drop below 7k but i would be very surprised to see 6.5k It will be a slow ride back up
