Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 19 January 2012 [View all]AnneD
(15,774 posts)for the sake of the hairy children.
Secondly, I do believe that March is as good a guess as any. I say this because the Greek bonds come due. Max Keiser does an excellent piece on that very thing today. Please watch it.
http://rt.com/programs/keiser-report/episode-238-keiser-report/
And speaking of excellent reads, the thread yesterday was fantastic stuff-esp the MERS info. It is a BookMark piece. Great job.
I am so happy I have invested the way I have this last year. I can't predict the future, but I can be prepared. I actually look for something I have never seen in my life time....a banking holiday very soon. I was saying that very thing to my PM dealer last Saturday. Now what I know from what I have heard from folks that have gone through bank holidays-you are in or out. If you are out, you have your money. If you are in-you haved lost various amounts of your wealth once the banks reopen. There is no do overs. You are screwed. PERIOD.
I have been working like a dog to get all my excess money out since late December and it had been damn hard work. Road blocks have been thrown into my path. I can only imagine a Bank Holiday thrown into the mix. I just don't want to be caught with my pants down around my ankles. I am 3/4ths of the way getting about half of my IRA money back. Claw back doesn't even begin to describe it.