What did you do for your preparedness this week? (2016-1-16)

January 16, 2016, by Ken Jorgustin

market-collapse

This weekly post is open forum (any topic) enabling you to voice your opinions, concerns, questions, and to also let others know what you have done this week for your preparedness.
The more who comment, the more ideas that are spread around for the benefit of all…

In case you haven’t noticed (living under a rock?), the stock market has had it’s worst EVER start to a new year. The word, ‘ever’ is ominous. The ‘DOW’ has lost 1732 points in twelve trading days (~10%), while the most recent trading day (Friday) plunged 390. The S&P500 has been similarly crushed with no signs of stopping…

It seems as though the traders are beginning to see through the curtain?

The thing is, this over-inflated market balloon still has a long way to go down before it hits ‘reality’. Is it happening now? It certainly started… Will it continue to plunge next week? In today’s twisted reality, who knows… but it might. It looks like it…

Why should you and I care if we’re not in ‘the market’? Because there are trillions being lost right now (and it might be in your 401K, IRA, or retirement fund). When it finally bursts, it’s going to be much worse than 2008…

Oh, and Walmart is closing nearly 300 stores. The Baltic Dry Index (movement of raw materials) is at its lowest ‘ever’ (there’s that word again). Oil is at record lows – reflecting a glut and slow economy.

I believe what may be coming is going to be unimaginable. I hope not! But the mathematics of the situation WILL prove itself out, sooner or later…

 
So with that cheerful news being said, what have you been up to this week? Care to add to the economic discussion? Or care to share what you’ve done for your own preparedness this week? (Or going to do early next week?)


 
Sound off below…