So who's moving all of their investments to cash before the financial armageddon?

Yeah, if you're serious, don't move it all to cash. If default happens then dollar bills will be severely devalued, we'd see hyperinflation.
 
in Sept 2008 after the GOP killed president Bush's TARP bill, the dow fell 778 points, and we seem to be in a similar predicament. and how is raising the debt ceiling supposed to STOP hyperinflation?

I was thinking more of a temporary move. get out of the line of fire, let the market shit the bed while i'm safely on the sidelines, then get back in when there's blood in the streets.
 
Wouldn't it be better to drain your savings and max out credit carRAB buying stuff you think will be useful?

Debt loses value the same as cash I would think.

If you max out your credit buying stuff that depreciates slower than inflation, you would technically make money in the long run, or at least not get screwed as bad.

Ammo was a good investment for a while, but prices have been coming down. Gold seems to be doing quite well, and has always had some value (but I'm not sure why).
 
You and 10 million other people doing that is what causes the market fluctuations.

IF everybody thinks there's going to be a crash and bails out awaiting the crash, the market crashes because everybody bailed out. Self-fulfilling prophesy. Confidence in the market is equally as important as the market itself. Problem comes when the government does things to maintain confidence when there shouldn't be. Bubble created. Confidence slides again. Government makes bubble bigger. Bubble pops. Crash. Is a big crash later preferable to a small crash now? Who knows?
 
it's not entirely self-fulfilling because there's 9,999,999 other players helping to determine the outcome and i have no control over their actions. if it looks like their actions are going to tank the market, i'd like to avoid getting caught in the crash if possible.
 
all of the smart investment managers are advocating freeing up some cash right now but NOT to completely withdraw from the market.
 
i should have specified because I was too vague. I was not referring to the big wall street managers

I meant the local guys that are looking out for main street
 
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