The problem is not the consumer, it's the banks. They went on a derivatives binge based on 20% YoY growth. I know i am doing OK, took all my stocks and cashed out at S&P 1300. Now i am in treasuries and will protect the money until this blows over. If something drops 10% get rid of it. Thats why i switched.
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The problem is not the consumer, it's the banks. They went on a derivatives binge based on 20% YoY growth. I know i am doing OK, took all my stocks and cashed out at S&P 1300. Now i am in treasuries and will protect the money until this blows over. If something drops 10% get rid of it. Thats why i switched.
Jan 06 08:55 am
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All Comments by nmelendez »Is the U.S. Consumer Really Dead? [View article]