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No, thank you, Hewitt.All great reasons to be light on stocks. I'm light too, number one reason for me is our national debt--not including all the off-balance sheet debt--is going to have reprecussion no matter what now. Our current course, using the printing presses, is unstainable and will manifest its own problems--possibly enornous problems considering the political re-election focus of our Congress. Yet, even if the balloning debt were addressed today, which it isn't, and it still portends trouble. Pull in the spending and BOOM, with 9.9% unemployment already on the books. Raise taxes? Ditto.Under all the scenarios, inflation, deflation, or stagflation (or worse!)and stocks will come down since they're not cheap. Any major hiccups, natural or otherwise, and the debt could get scarier. Plus, 800 years supports the arguement of anytime a country hits 90% of GDP or more, there WILL be problems in Houston. 89% right now, 95-100% next year this time barring no hiccups (which actually might be improbable).So I'm already freaked, and the Cardnial Climax doesn't help, especially in light of what's starting to transprie already: the EU, the Gulf, and, so, what's next?I believe this market is going to be hitting a generational low in the not too distant future and I also believe, somewhat contrarian, even if it's hyperinflation, the "stored value" stocks--commodities, not gold--will initially get mauled as the masses wake up to the rude awakenings that abound as they head for the exits on anything and everything.DrWhiskey
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