>however the vast majority of the population cant afford a financial meltdown and especially those who are just starting out in their mid 20's. its easy to be righteous when you have millions in the bank.< I am in my 50's. went through 2 meltdowns and survived just fine. You are, no doubt part of the "entitlement" generation. You think the markets should be kind to you, huh! Get real, get a good perspective, and attack the markets what ever way you think they will go. DO NOT BE COMPLACENT! BE RUTHLESS!
"Melt downs" are how massive wealth is created. Did you buy South Korean stocks during the "Melt down there"? Did you buy the Ruble during the "Melt down" there? Did you buy Argentine assets during the "Melt Down" there? No? well, then you have one more opportunity to buy the impending "Melt Down" in the US.
you have an opportunity to short the impending "Melt Down" in the US, then buy as it turns the corner.
Damn, and I thought there might not be one. But when this guy offers an opinion its better to fade it.
There is much wrong with the USA, and often true change only comes after a drastic events and some calamity. Much of it is unavoidable anyway. I personally do not wish these things to occur but understand and accept their inevitability. 1) the USA has no true capitalism anymore. The whole nation, both parties are hostages to the whims of multinational corporations via lobbies and corrupt and inept politicians on both side of isle. True capitalism meant that all had a equal chance from hard work. This is far from true today. 2) The USA is a second rate power. The decline happened due to decades of investing in military technology and ignoring the people and economic stability. Iraq is proving this strategy a failure as it has been proven that wars cannot be won without clear goals and depending only on technology and military might. A drastic change will come and it will clear the slate for the new and fresh.
Which would you rather spend your time, mental and monetary armory on? taking x% out of a 100% move ? or taking x% out of a 500% move?
"The whole nation, both parties are hostages to the whims of multinational corporations via lobbies and corrupt and inept politicians on both side of isle. True capitalism meant that all had a equal chance from hard work. This is far from true today." The govt policies love the large multinational corporations. This is socialism under the guise of economies of scale. It is much easier for the govt to regulate/control several large corps than thousdands of little ones. Drive along the highway, see any new business's opening up that aren't a national corp? Yea, there is a few throwback independent businesses from years gone by but for the most part, all the easy money is gone in business due to insurance and misc govt regs.
The most righteous people on here dont have 2 cents to rub together and never will they just come on here and try to act like they have an idea when most either have never left home or havent finished high school