Mounting Risks: Are They Too Much for this Stock Market to Withstand?

Filed Under Fundamentals & Charts | 1 Comment

“The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious metals… it is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted.”–Thomas Jefferson to John W. Eppes, 1813. ME 13:430

Troubling the markets is very quite simple: Nationalization. The banking system is insolvent and soon it will be nationalized along with healthcare. Obama’s budget calls for a “downpayment” on a national healthcare system that would insure ALL people. On the outside, this looks great wouldn’t it be wonderful if everyone had healthcare? Sadly, we are broke and can not afford insuring everyone, but the President believes we can. Therefore, any healthcare related stock will be under siege by the Obama adminstration and will have its profits squeezed until the company pops. Removing healthcare from the markets will most defintely allow the S&P500 hit 600 or lower. The stock market is under attack and it continues to remain complacent.

It is getting ugly out there and we are setting up for a 1987 style crash. Price action does warrant many to be on the sidelines, but many feel the need to catch a bottom. A very dangerous game, trying to pick a bottom.

Cash is king, along with gold and silver. It is time we get serious and start getting after our government to start cutting back spending and our world empire. We need to preserve the United States as it was intended by our founders.

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