Quote Originally Posted by FastMan View Post
My thinking too, though I think the make believe joy ride will carry on a bit longer than you do. I'm riding the wave right now, which is fun, just will have to be ready to jump at the first sign of shore approaching. Interesting thing is, gold surged too today. Those running that up know what this spells down the road. When reality sets in, gold will keep going.
Don't be fooled guys.... the reason for the observed surge was not a mad rush to buy stocks, precious metals, etc by the masses. The surge in tickers was due to the value of the dollar plummeting, which effectively makes everything worth more in dollar terms. The "wave" you speak of is nice for %'s in your portfolio, but when it comes time to start withdrawing, and the extra dollars you get out can't buy jack-squat, what good did it do?

I stand by my previously mentioned opinion that we would all be wise to use whatever discretionary spending we have available, to purchase useful products now. Especially those that will appreciate in value and utility as the economics of our country falter.