Quote:
Originally Posted by PornMD
I think the next crash will be the dollar, not the stock market, but the effect on the stock market will be similar to a crash regardless of how the stock market is doing since 9500 points aka dollars will be worth a lot less. If I had much money, I'd consider investing in other currencies as sad as that sounds. The federal reserve and govt is giving away too much money that isn't there.
|
I must agree here to some extent. I?m much more concerned with the devaluing of the dollar than the stock market crashing in the near term. By no means are we out of a recession; I think the market has grown a bit too fast in the last couple months, however economic data and more importantly consumer confidence lead me to believe that it is highly unlikely for the stock market to crash again any time soon. We are currently in ?stabilization? mode and we should see a bounce in the back half of 2010.