Tuesday, February 4, 2014

Stock Market

The Stock market sold off yesterday (2/3/14). Manufacturing numbers were off and it looks to have scared the market into selling. Today markets are up a bit, so it seems as if the selloff will slow down or even stop. There will come a day though when the markets will crash. It's in the cards and baked into the cake. There is too much debt and even more is being piled on. At some point the lenders will realize that they will not get paid back, and then the markets will crash and crash hard. That day is coming, but it might not be today. In fact, we will not know until it happens. Unfortunately we have been set up for a major crash. Hopefully we keep our heads and rebuild. Knowing human nature though, things will get ugly.

What do you think?