- Joined
- Apr 2, 2005
- Messages
- 14,042
- Reaction score
- 2,042
I've stated before I believe the recent move up in the stock market is nothing but a bear market rally, I still believe that. Through good timing and arguably a little bit of luck, I made a couple fantastic trades the last couple months (see SIRI thread). I made a little bit of scratch, but I think the party is over. I am taking out 2/3 of my money out of the stock market. The other 1/3 will go purely to speculative plays, probably penny stocks.
If you have any money in the market, you may want to pull some or all of it now. History has shown us these crashes don't end this easily and that is before taking into consideration the current administration who seems hell bent into driving us into 3rd world poverty through massive dilution of the USD and ultimately hyper inflation. If you can, buy hard assets like real estate foreclosures in distressed markets.
Just my personal opinion, I am not giving you financial advice :wink:
If you have any money in the market, you may want to pull some or all of it now. History has shown us these crashes don't end this easily and that is before taking into consideration the current administration who seems hell bent into driving us into 3rd world poverty through massive dilution of the USD and ultimately hyper inflation. If you can, buy hard assets like real estate foreclosures in distressed markets.
Just my personal opinion, I am not giving you financial advice :wink: