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The Shemita... predictable and indeed predicted... you were late to see this pattern. If you sell now you will lose a lot of money. If you hold, you will lose a lot of portfolio value on paper. Those that knew the Shemita was coming and "Put stock in it" got out at the beginning of the summer and put their investments in non-market influenced places. If things get really bad, like "Greece bad" - then we all will have serious problems. I suspect it won't come to that at all though a lot of people are panicking and preparing for the worst right now (prepping, etc).
Meh, just people trading paper. The rich either stay rich or get richer and those poor small investors playing the lotto,errr, stock market pay the cost.
The game is rigged against the small investor. If you're going to invest buy something tangible, something you can stand on or hold in your hand or actually USE instead of just looking at some numbers on some website that won't let you trade when you really need/have to.
Not overly concerned here - and my husband works in the natural gas sector, so if anyone could justify worrying it would be me - LOL.
These things ebb and flow. I worked in the financial sector in 2008 and the staffing sector in 2001. I've seen way worse than this and lived to tell about it. This too shall pass.
I don't believe it is the numbers that are the problem. The problem is the fear it strikes into people and this often causes chaotic and fearful reactions which can snow-ball into the economies. The biggest thing one can do to combat fear is to acquire knowledge....then when headed into the unknown, a person can make decisions with more logic and less emotion, considering the knowledge they have accumulated. Being prepared with knowledge and also maintaining options for different scenarios is good business. Flexibility is important.
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