Experts no longer know where the ecconomy is headed.
Less than experts want to put their money in 'safe' or in 'good growth' places.
The govt is or isn't going to do this or that to help or not help someone or no one.
No one knows right now.
NO one.
So, lemmings will make markets go way up, way down, and all around.
Just hang on for a while. Don't let it get to you.
In the end, you will have about the same real assets, and about the same relative net worth compared to everyone else.
Paper might seem to be worth more or less, some companies might come or go.
But, it will all straighten out, & if you didn't do anything rash, you will be in about the same boat you were in before.
We've had a lot of bull market for a long time - a pyramid. House, stock, wood, copper, steel, dollar - all worth more & more and more.
Any fool can make money in that for a time.
Back to reality.
It's just a mad rush of folks getting used to less than a bull market. We have ups & downs.
People - including speculators - are going to make those highs & lows a little more wild than we are used to.
Give them time to relearn how this all works.
And you will be in about the same boat you were in before this bubble/ popped bubble deal happened.
Now, some want to get rid of the speculators. Hum. That is, of course, your retirement fund, or mine. That is the buyer that you or I want to sell to. That is the person willing to take a risk, and add investment dollars to a new business.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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