Daily Kos

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  •  Wow (none / 1)

    I took 20K out of Fidelity funds last month and bought gold.  I've also taken a cash position in my 401K plan.

    I can't wait until I am in a postion, perhaps at some point in the far off future, to actually worry about what to do with the money I have instead of the opposite.
    :-)

    Back on topic though... Why do you believe that the market "isn't going any higher"?  Do you have reasons beyond what the author of this diary stated?   Oh, and author of this diary; ace, very interesting.  Recommended!

    www.idisagreewiththegop.com

    Do YOU Disagree With The GOP?

    by I disagree with the GOP on Sun Feb 20, 2005 at 05:23:56 PM PDT

    [ Parent ]

    •  Massive debt (none / 0)

      all held by the Japanese and Chinese, who are starting to talk of moving out of dollars and into Euros.  If they stop buying our treasury bonds this economy could go very quickly into a Depression imo.  And Bush'd fiscal policies make it worse, especially if his privatization schemes get approved by Congress, which btw have to be financed by more debt.

      And remember, they want to make the tax cuts permanent.  If they do that, the debt gets much worse.

      Add in our trade deficit whgich has never been higher and I think you can start to see the picture is not very rosy.

      "I just had the basic view of the American public -- it can't be that bad out there." Marine Travis Williams after 11 members of his squad were killed.

      by Steven D on Mon Feb 21, 2005 at 08:51:34 AM PDT

      [ Parent ]

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