Monday, October 04, 2010
Another Leg Down Is Coming...
If you are a Federal Employee, switch 100% of your TSP into "G" fund for the next three months or so. Otherwise, move your money into "Cash" funds (Treasuries/Securities).
Do it tomorrow. Three months is not going to hurt you.
Two years ago this week, the Banksters tanked the Global Economy. We bailed them out, and continue to do so, but they just took our money, and doubled-down on their risky schemes and never got themselves squared-away. We are at the exact same point again, only worse, as we have no more bullets in the magazine. The boards are flashing red right now, and smart money is not in Stocks right now.
Three months of lower gains may save you a world of loses.
Just saying.
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