Back on June 10, 2006, I advised 401K investors to get out of the Stock Market. My opinion was based on an article, which rang so true, by Jon Markman about a looming housing meltdown. I was right, because he was right. The meltdown is happening.
Curbs are in on the stock exchanges limiting how many stocks can be sold. Reason: to prevent the stock market bottom from falling out and allow panic to dissipate. The Dow is down over 240 points today, over 650 points in recent weeks. In June when I wrote the article referenced above, the Dow was at 10,892. As of now it is at 12,075. 401K investors are still ahead of the game from June of last year, but, not by a lot. And the ripple effects are not over.
Continue reading Market Meltdown.
