When will this recession officially end in the US?
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When will the recession end?
Frankly, I don't have a clue. All I know is that the supposed investment advisers, mutual funds, talking heads, etc., have tried to convince those of us (whose gut feeling is stronger than any "financial advisors, gurus") to stay in the market, when we really should be out of the markets. The Wall Street BS artists are taking us to the cleaners!!! Why is the average investor in the poorhouse, while all the traders, investment advisers, hedge fund con-artists, banks etc seem to be reaping the benefits?? I think the Russians have it right....do all your business in cash. Take all your money out of the banks and buy whatever goods and services you want with cash. I am not even convinced that keeping cash in MM funds is a good idea. I don't care if my government tells me that my MM fund is insured. Be prepared for WWIII.
About the Recession
Eileen,
It looks like we are experiencing a bear market rally at the moment. If you are nimble enough it could really be worthwhile to participate in it while it lasts. Also, all the world governments are on an inflationary bandwagon. Cash, especially $US denominated cash will definitely be worth less down the road. Keeping it under the pillow and hiring a guard to protect that pillow does not sound like a good plan to me.
Thanks,
Jake
Recession, money under the mattress
Ironically, the WSJ reported today that trillions of dollars, cash etc., is sitting in MM accounts and on the sidelines. Nobody trusts anyone anymore. One guy who warned against Madoff, and who was accused of being a "sourgrapes" because people were not investing with his company as opposed to Madoff, said in the WSJ today that even the financial guys (fund of funds, feeder funds, et al) don't trust each other. He said Madoff has done more harm to the financial industry than anyone could imagine.
I am a little late in replying to your comment, but as you can see the markets have dropped again. I'm too old for this crap!!!
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