There are several market analyst types who are predicting (via complicated graphs and charts and formulae) a very big crash before the end of the year, and are advising their subscribers and clients to get into safe-haven investments - like bonds - rather than the volatile stock market.
Others are saying to invest your cash into substance - land, tools, livestock, renewable energy, and things like consumables (water, food, firewood, matches, toilet paper! ) that may be hard to come by in the coming years.
It's rather odd to watch the market sink 500 points in a day. I think we're in for a rocky ride going forward.
International Level: Ambassador / Political Participation: 595 59.5%
QUOTE |
I want to buy some of that Lemans stock that is selling for a total of $.13 per share. |
International Level: Junior Politician / Political Participation: 100 10%
Rebuke?
In a stunning rebuke to President Bush, congressional leaders and Wall Street, the House rejected a $700 billion financial bailout package Monday, with a coalition of conservative Republicans and liberal Democrats refusing to grant the government sweeping powers to buy up distressed loans. Wall Street reacted immediately to the news, with the Dow dropping 523 points as of 2:15 p.m. ET.
REf. USAToday
Worst in history! What other records are going to break?
QUOTE (CNN) |
Dow suffers biggest point drop in history, falling nearly 778 points in reaction to House vote rejecting economic rescue. |
International Level: International Guru / Political Participation: 3231 100%