Parker's right, all the propping up of the system is just prolonging the next big down turn.
Which will be followed by the next big upturn. That's the way it works. Those who didnt take advantage of the last big downturn missed a killer buying opportunity. You could have bought Ford at $1.45 per share. Now $11.00 per plus. I bought 1,000, now wish it had been 10,000.
Big market swings are opportunities to make big $$$.
"Paranoia strikes deep
Into your life it will creep
It starts when you're always afraid
You step out of line, the man come and take you away"
Plus a million.
When the big recession hit, I had one of my friends in my office just crying over the $170K or so he lost. He was wondering whether to move his portfolio out of the stock/bond side into the simple interest bearing side. Not wanting to tell him what to do, all I could say was, " sell high not low". He moved it out and earned a whopping .08% interest and still is today. Me, I stayed, gained most of my money back, and bought a number of more units at a discount.
I am retiring in about a month and half. I will be locking the 401K up for another few years, and make the adjustments to my living standards. Those of you who are not retiring anytime soon, what are you so worried about? I love this consipiracy stuff. Just like the oil spill, it will clean up eventually. The world is not coming to an end. If the DOW drops to 6000, buy, buy, buy. If things get so bad that the stock market collapses, then it won't matter whether you have your money burried in the back yard.
Fundamentals are there, panic is in charge right now, eventually the bottom will hit, and we are headed back up again. Look at market history, that should make you feel better.
The market isn't going to kill you in retirement, it is inflation. Get good advice and remain diversified.
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