Saturday, March 21, 2009
The smart investor will be out of the markets on Monday; this nation is in very serious trouble
While enjoyed by short traders, the Bear market rally of the past two weeks is over.
Put your parachute on if you're going to remain in equities, because a new bottom will be set as inflation fears rise, the dollar continues to fall, some people flock to gold and oil stays above $50 a barrel in expectation of the Chinese economy coming back in the second half of the year.
All in all, this is a very bad time to be investing in anything. Stay in cash and stay safe. Protect what you have. Potential profits are not worth the risk.
No one really knows how much worse the economic news can get in this country, but it will get worse. And any flinch by the Chinese that they're not going to buy our accumulating debt will send the markets into a tailspin.
This nation is in some very serious trouble. Obama and Geithner have shown they do not have the answers.