Dead cats bounce. Not very well, and it depends upon the height involved, but they DO bounce.
- At least in investing terminology.
Dead 401k's and dead retirement plans, well...they don't bounce all that well.
IF you trust and believe Berry Obama-Soetero, Ben Bernanke, Congress....ad nauseum, then stop reading right here. Do NOT buy any gold or silver. Go very long on Government Debt (aka Bonds).
- Timmy has SUCH a "deal" for you! Or, talk to Ahnold about Kalifohnia bonds. Maybe some nice Greek action? Iceland (real opportunity now I hear)?
Boomer 'retirement plans" aren't doing so well. Not "bouncing" at all so far.
- No job creation
- Decreasing housing values
- No 'gains' in investments
- Higher taxes coming
If you were a typical investor, followed the typical financial advice and were properly "allocated" and long stocks, bonds, and mutual funds for the past decade then you were a LOSER. Your boomer 401k's are now 104k's. Maybe. If you're lucky.
- Don't have one? Pick out a nice dempsey-dumpster before they are all spoken for.
Almost as big a LOSER as the fiddy-two percenters in the last national election.
Yeah, that whole "hopey-changey" thing is REALLY working out just swell!!!! 
Tuesday, 16 February 2010
Bouncing....or NOT bouncing.............from Rico
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Funny how the crash happened when democrats took majorities in 2007, 2008, 2009, and now we are in the fourth year of democrat budgets and control and look! The economy has crashed. The last year it was in Republican control? Unemployment was 4.7 and the deficit was 167 billion. After two years of democrat control, 2009, the deficit had more than doubled to 400 billion. and now less than a year later the deficit is 1.7 trillion.
But at least we got all that Obamoney to pay our gas bills and mortgages. Right?
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