A storm is coming. Prepare yourself.
If you own any stock that is publicly traded, you really ought to sell everything you own as soon as possible and certainly before September.
You really will not be hurt financially by that action. There appears to be global forces in play that will precipitate a sell off. The slide will last about two weeks. The DOW will lose about 35% of its value.
Put your money in cash, in stable banks. You need to get your investments off of the highway and park your assets at a rest stop.
Currently, the most powerful force that is controlling the global economy is President Barack Obama. In his effort to "fundamentally transform America", he is still pursuing his interest in destroying capitalism. He is employing the Socratic method, which is to proceed in a certain direction, a little bit at a time. The current oil spill in the Gulf of Mexico is Obama's current "crisis, not to be wasted." Within a few months, Obama will seize BP's assets, similar to the takeover of General Motors. Just a little bit at a time.
Capitalists are an endangered species in America. Capitalism is an endangered economic system. Investors, who are capitalists, are endangered. This is the underlying reason why I am saying that right now is the time to pull money out of the U.S. stock market. If you want to survive this attempt at the takeover of America, you must protect your assets as best you can.
Politically, and legislatively, Obama and his socialist/communist minions
in Congress have essentially run their course. They will not be able to
enact any new substantial legislation. The rulers in Congress will be trying to get re-elected, which means their damage has already been done. They will be overwhelmingly defeated in November. A new Republican majority
will take control of the United States House of Representatives. They will be able to de-fund much of what Obama has put in place. There will be attempts to impeach Obama for "high crimes and misdemeanors." The tossing of Socialism out of American politics will begin in earnest. Whether or not Obama is impeached, he will certainly be voted out of office in 2012. That is when the real economic recovery will take place, once Obama has left office.
You must protect your assets as best you can right now. That is why I am suggesting that you remove your money from the stock market, as soon as practicable.
The storm that I speak of that is coming is really only a current wave that is occuring. We have been in this prolonged storm since the summer of 2008.
The storm is starting to diminish and we should be out of it completely by the beginning of 2013. The recovery may start sooner if Obama is impeached. He will not allow the impeachment to go to a vote. He would resign, just like Nixon did. Whatever is revealed through an impeachment will be utterly damning.
Our Constitution works. We are a nation of laws, not men.