as a 401K investor (owner) i hope stocks go up, but . . .
by
baltimore aureole
11/03/2009, 2:17 PM
as a realist, i have to point out that . . .
- business bankruptcies were up ANOTHER 7% in the last month (no end in sight)
- losses on consumer loans (credit cards, autos, mortgages) are expected to peak in MID 2010, not this year
- unemployment is still rising (the regime in the white house doesn't want you to think too hard about what this means)
- federal deficits are exploding to record levels, which means the government will be "competing" for investment dollars that might otherwise go into the stock market or be loaned to businesses (which would use the loans to expand, and pay taxes on profits)
- the dollar is crashing
- gold, a haven in times of uncertainty, is at all time highs
- the chinese are making not so subtle noises about buying our treasury bills while the dollar keeps falling and deficits explode
is there any good news in the above?
you find it - its not apparent to me.