We're toast.
Not the Angels. Well, the Angels too, but I had something different in mind. I am breaking my policy of not posting non-baseball items for this news item:
Boomer effect on Stocks Negligible
Lets see the facts here:
1. Employers move away from offering traditional pensions.
2. A huge mass of americans puts money in their 401K funds, resulting in a boom in the stock market over the last 25 years.
3. The possibility of these people starting to withdraw 401K funds as they retire (what a funny idea) concerns some that this may cause a stock market crash.
And now:
4. Government denies that this is a problem.
I don't know about you, but fact #4 is about as clear a "sell" signal I've ever seen in my lifetime. Sell your stocks. Buy what? Gold, MRE's, and ammo. The only safe investments for your fortified bunker.
posted by Chone Smith @ 8:36 PM
3 comments
3 Comments:
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