You know you got some serious policy issue once you start seeing these things..
What’s gonna be really interesting is to see what happens when these fiscal cliff things kick in.
Me thinks we’re gonna have a bigger correction.. Folks in higher income brackets are gonna be pulling out this year…
Meanwhile, so what if these tax cuts are extended to middle class. If they stay invested during this time, me thinks their investments are gonna go south anyway. (And you know, you’re gonna have people that just do nothing all the way until jan 2013)…
And when the markets tank, oh boy that’s definitely gonna put a damper on the economy…
Anyway, that’s my prediction. And I’m putting my money where my mouth is. I’ve never went to a significant short term money market position in retirement and post tax accounts before… I’m about 68% now.
