Originally posted by Harrison Painter:
The only thing I am stockpiling is opportunities and connections!!! :lol:
I couldn't agree more, There will be 3 types of people. 1) People that cry and lose money. 2) People that just stand still. 3) People that see opportunity and move forward.
I guess 4) would be the people who stock pile ammo. They will be the first to get knocked off.
Housing will fall to $130k (Depending on location) National average then bounce to about $145k and stay there for years. Once they flatten interest rates will go up. I wouldn't be surprised to see up to 15%. Some properties are at bottom now. The other properties not at the bottom are homes that do not need to sale.
Stock market will climb then fall again in Nov. and Dec. bounce back the end of Jan. 2010 after that their will climb just in time for the 2010 elections.
Companies will fail, new ones will take their place. Millionaires will fail new ones will be made. The sun will rise, then set again. I am pretty sure this will happen everyday.
If you ask me people with money are on the side lines. It would be financial suicide to get into the markets today unless your a pro.