Jim’s Quote of the Day:
“My advice: We are moving closer and closer to what I call ‘survival period’ — the period where the magic of compounding turns into what will be the poison of compounding. This isn’t a time for timing. This is a time for action. Reduce your exposure to bonds and all items that provide fixed interest rates. Similarly, reduce your exposure to stocks except the gold miners. Look to expand your positions in inflation-protected assets, especially gold.” “Those who are holding stocks in the hopes of the usual rebound are going to be terribly disappointed in the years ahead. This bear market …