Reply #12: I advised someone around here to do just this

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get the hell out of the stock market if you are on a fixed income (retired, etc.) and put your money in the bank or somewhere else where it is insured.

You wouldn't believe the reaming I got for this sage advice.

A huge crash is coming. These two-bit stocks have been overpriced for a very long time (like since the DOW was at 5,000).

No one listens to me. I happen to be a retired bookkeeper and I know a thing or two here and there given my age, education and experience.

Again, I'd advise anyone/everyone that is on a fixed income to get the HELL OUT OF THE STOCK MARKET. It is not going to go anywhere but down is what I believe and have believed ever since 2001.

I have relations that are in their 80s. They've lost 60% of what they once had in the 2001/2002 crash and have yet to recover. Why don't people wake up and smell the coffee? Is it greed greed greed?

:kick: & recommend!