Damn Luck to Live in the USA

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Mon Jun 23rd 12:03 PM | Rating: 0 0
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High Likelihood of a Market Crash

The Real Expert says, "Maybe it does to the novies (sic) reading - the people who have no business in the market, but not to anyone else".

OK so called "Real Expert", first of all, you may want to learn to spell, or as a minimum, use a spell checker. Second, though I somewhat agree with you that a 300 point drop does not constitute a collapse, it isn't the drops we need to be concerned with but the TRENDS! The effect of a net loss over a given period of time is a cumulative loss for the entire market otherwise known as a DOWNWARD TREND. Admittedly the word collapse may insinuate a single day market crash and may be a bit harsh for the current economic climate, but the reality is we are experiencing a severe decline in our global economic status. Our wages have not gone up commensurate with the cost of a gallon of gas, a gallon of milk, or a loaf of bread. Our government continues to feed us positively skewed BS statistics regarding inflation and unemployment, when in reality inflation over the past decade (or longer) has not only caused our income to effectively decrease against the cost of living, but our global standard of living has decreased as well relative to what we had during the cold war... And nobody seems to be concerned about that.
And by the way, what gives you the authority to dictate who the people are "who have no business in the market"? Last I checked we live in America and as such, I have the right, nay, the obligation to learn about and participate in the economic machinery and principles of my country. If that means I invest and lose, that's on me, but it's still my right to participate in the market. And I don't have to be a "Real Expert" to do it. How does one learn if he doesn't DO?
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