Letter Re: Stock Market Turmoil – Time To Make an Exit
Jim – I’ve been reading SurvivalBlog for a little over a year now and I enjoy the commentary immensely. As a long-time investor and at the risk of a “pile-on” situation, I’ve got to echo the sentiments of yourself and your pundits recommending exiting the markets now and the foreseeable future. I have sold my entire portfolio in the last week or so into a down market, which I normally would never do, due to a number of significant factors – first and foremost being the fragility of the derivatives market, second being the cryptic, embedded and out-of-control debt market …