If you have any interest in what's happening with the recent stock market collapse and its domino effect on markets around the world, watch CNBC.
The U.S. collapse is affecting markets all over the world. Banks all over Europe are failing and needing to be bailed out...the most recent action of stabilization I'm seeing is from the Belgian government.
Why this is happening at the depth it is in Europe, I don't really understand why...I don't claim to be an economist or understand this stuff.
It should give you an accurate pulse on that theory that "when America sneezes, the rest of the world catches a cold."
...but sit back for a minute and ask yourself: "Why is this happening? What are we witnessing? Where is this headed?"
If you're worried about what's going on right now, talk to your financial adviser...and if that adviser is your common sense, then follow that adviser.
Pay off all your debts...that means student loans and credit cards...then it's commodities and bonds, baby.
I'll see you when I'm on the rooftop of my place sitting on a pile of cash with a shotgun in one hand and a bottle of Jack in the other.
1 month ago