You got to listen to Bullishmoney.com. This man is predicting a 10,000
drop in the Dow this week.
It will catch most investors and baby boomers looking forward to
retirement by surprise and most will lose their investments.
He says that we are heading for the "Mother of all Financial
Collapses".
I hesitated in posting the youtube because he uses rough and foul
language.
Yes, many F-bombs and other expletives.
What he said, however, was quite interesting.
He didn't say that the 10,000 drop would all occur this week.
He pointed out that a huge percentage of the stock holdings in this country are from baby boomers who are either recently-retired or nearing retirement. Consequently, when they start to panic, they'll simply pull their retirement savings out of the market in order to preserve their chances at retirement.