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It's only six months into the crash, but the stock market is already starting to make some early calls. The market isn't a perfect seer of the future, but it has a pretty good track record. And a few of the calls it's making now are challenging the conventional wisdom.
Lucky for the retirees on 401K and traders, but not really good news for us unemployed people on Main St. We're not at the bottom yet, it will take until later this year for the stock number to really bottom out.
This is all superficial right now. The Dow is going to continue to plummet once all this good news blows up in investors' and the government's faces, and we still haven't fully begun to start the next major economic crisis (credit cards).
It's only six months into the crash, but the stock market is already starting to make some early calls. The market isn't a perfect seer of the future, but it has a pretty good track record. And a few of the calls it's making now are challenging the conventional wisdom.
1.) Why is this posted in the "work and employment" forum? There are business and person investing forums.
2.) The link was totally blink - yahoo page and nothing there.
But anyways to continue the offtopicness - any new investments now in the stock market are totally speculation, gambling. I kept my 401k's because I do think the stock market will go back up to pre recession levels (might take a few years) and also I am benifiting from purchasing low right now. But no way would I want to be a new investor, particularly if you are looking for short term gains - just too much drastic day to day changes.
60 minutes said the next crisis is the 2nd mortgage crash where the ARMS will kick in later this year.
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