It has been a while since my last post. Time flies. But, I felt compelled to start up the blog posts again because we, the world, is (or are) experiencing an incredible point in our time. It will definitely go down in the history books. Whether it is good or bad.....time will tell.
The housing bubble burst and everything is crashing. The stock market has been dropping triple digits for weeks. GM is at the lowest price it has been since 1950. People's 401k's and pensions has lost Trillions (with a capital T).
The trend in the news is definitely doom and gloom. But surprisingly, I am calm. I remember history. The 1929 stock market crash is famous. It was one of the key moments in time that depicted the great depression. Many people were down. Yet, there were people who saw opportunities. They prospered in the great depression and made millions of dollars. In today's value, this means billions.
I feel that there are and will be opportunities for people to take advantage of the upcoming recession. For instance, house prices have gone down to levels that I haven't seen since the 80's. There are currently bargains in the stock market.
Thursday, October 9, 2008
Subscribe to:
Posts (Atom)