You can go back and say that things in the stock markets are always uncertain. There are always the unexpected problems that appear that create the greatest risks. The stock market hates uncertainty. Unfortunately, we could be in a historic time of uncertainty that lasts a very long time.
I interviewed Mike Larson yesterday on my program. He is the Senior Real Estate Analyst on Money and Markets. For more information, his website is www.moneyandmarkets.com.
Many of the tougher questions about where the real estate and credit crisis leads were met with the response that it is so hard to tell because no one really knows the extent of the risk. Thus, we can paint all types of scenarios going forward. The bottom line is that debt is the problem and we are a country that is in trouble with debt. It has a reckoning day and doesn’t just go “poof” in the night.
I would encourage you to listen to the podcast interview with Mike. This really gives you an idea of what we are up against as a body of investors.
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