- SNIP -
I agree exactly where nowhere near that though I still read the garbage but not with any conviction to it. When the market crashes it will be for different reasons and while we dont know what will cause it there is still alot of liquidity out there and economy is doing just fine. My guess and its just that is it will be more political than anything. We got our small dead cat bounce , yesterday was kinda a push so today should be telling.
After the crash there will be smart people that will tell us what happened, like too many car bad car loans or just irrational exuberance. There will be a few smart ones that come out and say, "I told you so," and point to some crap written in one of the financial magazines 6 months ago.
This stuff never makes since. Seems like they would be ape-shit happy for lowered interest rates. It means cheaper money for people and is true trickle down economics. People can afford to purchase boats, cars, second houses with low interest rates. This stuff will give jobs and so help businesses. More sales mean more money to be made and stock prices should either remain solvent or increase.
Once I pull the plug, I'm going to withdraw my 4 percent or less per annum and ignore this stuff.