What will happen if the stock market crashes?
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12-16-2012, 01:22 PM
Post: #1
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What will happen if the stock market crashes?
With the recent loss, if the stock market crashes what will happen? Is it in danger of crashing?
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12-16-2012, 01:30 PM
Post: #2
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the same thing that happened last time it crashed...
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12-16-2012, 01:30 PM
Post: #3
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If the Stock Market crashes and we enter a 'depression', America will likely take on a nightmare scenario as companies shut down, prices for food and gas shoot up, and social unrest occurs...
The Dow Jones Industrial Average finished the first week of January under 13,000... It was the worst year's opening in a quarter century. So who knows it could happen... Safeguard yourself... Get rid of debt: This is idea number one. Pay off those credit cards. Pay off all loans that you can. If you can start paying off more of that mortgage, now may be the time to do it as well. Those with the least amount of debt will be affected the least when the crash occurs. Have cash on you: If such a crash were to occur, banks would be rendered useless for a period of time. In other words, say goodbye to checks and credit cards. Thus, having a significant amount of cash in small bills (people won't have change) would be wise. Invest in hard assets: We're talking gold and silver bullion and coins here. These will endure beyond the problem and can also be used under terrible circumstances if needed. |
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12-16-2012, 01:30 PM
Post: #4
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first, the drivers side air bag will deploy, because it's all a bunch of hot air that causes a crash anyway. we are talked into the fear of spending by so-called economic experts.
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12-16-2012, 01:30 PM
Post: #5
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If the stock market crashes, I'm going shopping for cheap stocks.
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