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Politics : President Barack Obama

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To: Road Walker who wrote (110197)2/24/2012 7:11:32 PM
From: RetiredNow  Read Replies (4) of 149317
 
You want my strongest warning yet? If you are heavily into risk assets (read stocks), protect yourself NOW. We are at the peak. I feel it in my bones. But I don't need feelings. I've been looking at the data for 6 months now and it has convinced me that the reckoning is coming. Don't believe me? Gundlach seems to think so. He warned everyone to get defensive a couple weeks ago. Don't believe him? Check out what ECRI has to say. They are sticking to their forecast that we see a recession in the first half of this year, just as I have been warning about for quite some time. The stock market usually leads recessions a bit. So it would not surprise me to see a correction, maybe a hard correction, within the next 2-3 months.
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