I am a 55 yr old retired Financial Adviser, I started investing when I was 14 and have been fairly successful. I have been posting much more than I had anticipated, being I have been an active investor/broker for so long I have begun to enjoy immensely adding and helping to educate and clarify.
The above was written in 2011 (I was 50) however today 2016 the market has changed dramatically, the Fed who for 4-5 years said the rate cuts were NOT to increase equity prices but rather to keep the economy liquid, then in Jan 2016 ex Fed Governor Fisher says "The gains we at the Fed graciously provided has ended so be prepared to pay the piper" hhmm, how they become honest once they aren't getting paid to lie any ...More
longer. I expect a 25%+ decline from y/e 2015 and expect the TRUE inflation rate to be clearer, closer to 7% than 1.5% and real unemployment to bee clearer, closer to 12-13% than the 5-6% BS we've been told, in other words, expect very ugly