OK, it's the end of the world as we know it. The much promised financial apocalypse is now. Reasonable financial analysts on the news are telling us not to panic and then throwing around mental images of formerly wealthy retirees living in the parks like Katrina refugees or Calcutta beggars. And catch phrases like 'double digit unemployment'
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For some reason, I don't either. There are things that I'm concerned about, but I just keep feeling that there are highs and lows, and this is just a low.
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Times are going to be tight for some, but I think we'll be fine. I'm more worried about my folks, who've just retired, than anyone else.
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Personally, I would be positively euphoric if the market crashes. Also, I wish they would enforce naked short selling in the commodities sector. It really does show. At this time, do you have any thoughts of putting a percentage into physical precious metals (if you can find them, that is)?
Wishing you my best;
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