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Reply to "How worried are you about the stock market, and what are you doing about it?"
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[quote=Anonymous][quote=Anonymous]I moved 1/4 of my portfolio both Ira and taxable into gold ETFs and mutual funds last month. There will be a crash soon. Better to be prepared to sell the gold and buy stocks when they’re cheaper. The market always goes back up. But yea, this crash is coming. Think about it. Why are we cutting rates? How is employment? Inflation? The dollar? Cost of goods? THINK. Don’t listen to the calmness of the crowd here.[/quote] Rates are being cut because the economy is slowing. The cuts likely will stimulate growth and cut corporate expenses in a very meaningful way which will increase corporate profits which will fuel the stock market, spur investment which will create jobs and cause the economy to grow. It may not work but it likely will. Gold is very overpriced. If you were worried I would move to cash. A crash is not likely. A correction is overdue but likely will not come in the next six months. [/quote]
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