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Stock Market Yo-Yo Watch

35
turn3/05/2009 10:46:58 am PST

re: #24 Killgore Trout

the problem is that few people are going to tie up their cash in the stock market. We are looking at probably 2 more years of this. Maybe more. Even people who are filthy rich and have cash to spare are going to hold onto it because Obama is making noises about taxing them to pay for social programs. They’re going to hold on to that cash to pay their tax bills.

Hey KT, I’m willing to bet there are a lot of people out there who didn’t bail in their 401ks and are stuck riding this thing out (e.g. turn). My money is stuck in the market so I hope you are wrong about that 2 year thing.