ravan: by Ravan (Default)
([personal profile] ravan Jul. 20th, 2010 03:46 pm)
Q4 2009 and Q1 2010 most of my 401k funds made a little money. True to form, Q2 the economy improved.

My 401k's are leading indicators, by about 4 - 6 months. No, I don't know why. You'd think it would be the opposite, but they predicted the dot com crash, and this crash, and dip before that clued me what to watch for.

Just went over my Q2 statements. All of my funds lost money again to the tune of 5% to 8%. This winter will suck - we are headed for a double dip, thanks to Congress and the corporate "deficit sissy" lobby.

My crystal ball says, you need to save your pennies and see if you can land work before October. Do not take on any new debt that you can avoid.

The second bloodletting as the corporates try to assure their hegemony will be nasty.
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ravan: by Ravan (Default)
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