People have been withdrawing for the past decade. It became especially acute in 08-09 during the Financial Crisis. Doesn't mean can't have some good rip-your-face-off rallies though. After all, its the machines that control things now.
Once this Generational Correction has Faded the Market will Consistently Climb...
and Gold will shit the bed.
Just like after the last one in 1983.
peace...
The big "elephant" in the room that people are acknowledging, and constantly referring to, is the elephant named "Precedence".
There is ANOTHER "elephant" in the room that is trying to emerge from the shadow of the first elephant. His name is "uncharted territory".
Precedence, aka "living in the past", will DESTROY those "don't worry about it" people who are foolishly using past stock market trends, past economic history, and past precious metals trends to soothe the people who have every reason to be very worried about their financial future and their retirement income.
The supporters of "precedence" are ignoring the other "elephant" in the room:
1. They are ignoring the record $14+trillion debt.
2. They are ignoring the record $1.6 trillion budget deficit.
3. They are ignoring the flooding of our economy with paper promises.
4. They are ignoring the fact that 90+% of the U.S. GDP is being used to service our debt.
5. They are ignoring the fact that the U.S. stock market is built on a foundation of paper, because the SEC is just as complicit as the investment banks and shorts and day traders and all of the other profiteers and carpetbaggers who control Wall Street.
6. They ignore the fact that gold and silver are the ONLY true sources of monetary stability, and the gold and silver "boom" is mostly derived from a simple case of SUPPLY and DEMAND.
7. They ignore the fact that most of Europe is in dire economic straits.
8. They refuse to acknowledge the fact that the USA is also in dire economic straits.
The FACT of the matter is, there is NO PRECEDENCE that can be used, in good conscience, to predict what will happen to the U.S. stock market in the next several days, or what will happen to the U.S. economy in the next several months.
The stock market is going to fall, and fall HARD. Gold and silver will continue to increase in value, because enough people, and enough countries, understand that the U.S. dollar is going down the drain, and the U.S. dollar will not recover.
When Bernanke and the Federal Reserve started their Quantitative Easing charade (QE1 and QE2) it marked the beginning of the end of the Federal Reserve system.
Let the stock market proponents keep their "eggs in one basket". Let them watch in horror as their 401Ks and mutual funds and individual stocks lose value day in and day out. They will ultimately pay a horrible price for their shortsightedness and GREED.
