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First of all attempt to have some cash on hand even though it's value could be compromised. The mindset will be that cash may be good collateral albeit having bartering power like for food or shelter. Pack a gun with every intention of warding off those who want your booty. One problem is that our? homes are too many glass entries . Don't plywood those yet as it's not necessary if you have a defense. Always shoot to wound not to kill. A 9mm with hollow point is sufficient although some experts like a 12 guage shot gun . I don't want to reload. If you have some gold handy it could get you food. Don't worry about a run on banks as you won't be alone and just accept whatever transpires as you won't have control. Maintain TV and radio alert networks and ride out the events. If an entire population is impacted by a catastrophic market drop you are simply part of a universal problem so resign your self that life is going to change and stop running for that fifth floor window as it has safety glasses and you will bounce off like the distraught knuckleheads money has created. Buy low!
Buy, of course ... which is exactly what I did this afternoon.
Janet still has our backs.
Forget about quarterly rate hikes this year.
Inflation will likely stay below their "2%" target ... economic growth will likely remain moderate ... then you have China and the global economic slowdown.
They ain't gunna hike four times this year.
Hell, we'll be lucky to see a 50 basis point increase in the fed funds rate by this time next year ... which, of course, will help keep this long bull market intact...
I picked up 1000 PERI @ 2.98 late today, to see if I can make some walking around money in the next couple of days. Stock was down about 18% today. Order is in to sell it @ 3.50
It is not the bottom yet, it could be too early to buy, and if you buy, leave at least something for when the S&P 500 and DJI hit their support at the end of August 2015
A: Exactly the same thing as if markets were booming. You stick to your game plan.
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