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Non-Tech : Kirk's Market Thoughts
COHR 154.91+11.0%1:15 PM EST
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To: GROUND ZERO™ who wrote (1833)8/29/2014 10:46:00 AM
From: Kirk ©  Read Replies (2) of 26602
 
I believe the Fed prevented another Great Depression and I have profited hugely in my belief they would succeed by owning stocks and valuable real estate. Sure my cash earned less, but I have a balanced portfolio with the half in stocks more than made up for the loss of interest. I've probably take enough profits out and spent them to make up for a few more years of low rates.
They're not to be trusted under any circumstances, none of them... I cannot believe how gullible and naive the general public really is, they buy political promises every time, the public will never learn, and they get what they deserve...


I do not believe I or those who post on my forum here are "gullible and naive " either.

The only people I know who would benefit from a market collapse and massive deflation ala a depression are those out of stocks or short stocks and either in US Treasuries or cash. Anyone owning real assets from gold, a house or a private business as well as public businesses via stock ownership benefited.
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