veeblefetzer

Hunkering Down for a Big Correction

Your extreme political views are clouding your financial judgement.


On Sep 03 12:07 PM Neil459 wrote:

> From the article, "There are a lot of factors to a panic that are
> missing right now (as they usually are, fortunately). To get a true
> financial panic first everyone must be euphoric and unaware of or
> discounting trouble."
>
> Or as is today everyone outside of Wall Street is on pins and needles
> with regard to their 401k. The ones that stuck with their investment
> now are up 50% from the lows. None of them want to see that increase
> go away. Obama has lost any confidence that existed during the first
> low. Everyone knows the economy will get worse with the tax and
> spend Democrats. So if/when it starts down this time, people will
> be more inclined to dump and keep what they have made. It could
> still trend down and not cause a panic, but the risk of a panic is
> very present based on this administration's total lack of financial
> honesty, transparency, and fascist trends.
>
> With that said, if we have another market downturn in the next 6-9
> months the Administration/Congress is doomed for the 2010 elections.
> So they will have to keep the market pumped up for the election.
>
>
> So there are strong forces pushing up (Obama's Administration/Congress)
> and strong forces pushing down (economy). Which will win and in
> what time frame is anyones guess.