Bankers Warn of Market Crash
This ‘market could crash’ stuff is getting tiresome. Markets go up and markets go down. It’s the ying and the yang of it all. It’s not as though stocks only ever go up, right? To quote Gordon: “What goes up, must come DOW”
Yesterday we wrote: “What will happen to your 401k and other tax-sheltered plans if the stock market crashes? For the answer, simply phone your plan’s administrator and ask what happened last time. We’ll wait…”
Have you made that call yet, Dear Reader? Today we read from the London Telegraph:
“A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, according to alarm signals in the credit markets… Insurance on the debt of several major European banks has now hit historic levels… Credit default swaps… flashed warning signals… It feels exactly as it felt in 2008… I think we are heading for a market shock in September or October that will match anything we have ever seen before’…”
The stock market has had a nice run up since March 2009 which is when the crash of 2007 (which followed the run up from the crash of 2000) started to recover. Who knows? Maybe it will keep going up from here. Then again, maybe not.
We don’t have a crystal ball, but the stock market is definitely looking like a disaster movie where a school bus full of screaming passengers is hanging half off of a bridge and teetering. All it takes is for one terrified passenger to move a single inch and…
Which, again, is why we love currencies. If we think of the Forex as Godzilla, the school can be the stock market. Just a snack.
Hungry for profits? Ready to get off the stock market bus? We offer everyone a no-obligation, FREE consultation to answer your questions and see if we can help you achieve your wealth development goals. Get in touch and let’s talk.
And May All Your Investments Be Profitable…
David Taylor and Gordon Philips, Directors
Prism Solutions, LLC
‘Better Investing Through Science’
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