Jim Cramer was on the Today show yesterday morning. He's a bit of a wingnut, but he said, if possible, take five year's worth of what you think you will need and get it out of the market. I didn't panic, cause guess what? I don't have that much money in any market, let alone the stock market. Anyway, it looks like we are in it for the long haul. Basically, he was advising us to set aside living expense money from the market. His thought is that it will take five years for the economy to recover and the stock market is too risky to keep all of your money tied up in the market for five years, just waiting it out.
No good news.
I think the feds are going to start investigating some of the Wall Street folks to see who was asleep at the wheel in these big Wall Street companies. And what will they do to them? Probably nothing.
I did not hear Ryan's interview or testimony..... I will YouTube it to try to find it.
As the stomach turns.
I am scared out of my wits, worring about what is in store for us for the next few years. I think it (the dreadful economy) is going to put lots of people in more debt and families at risks they never dreamed of in their life time. I surely hope I am wrong.
I tried your link and it was tooooo slow to load for some reason.
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Originally Posted by sasvermont
RIP Sabrina June 16 2011
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