Last month, I would have said “Nonsense.”
Increasingly, I’m not entirely certain.
Obama’s announcement that cut the legs out from under the pharma, biotech and health care sectors was a Real Big Deal. Those are considered “defensive” plays in recessions and downturns - and if you look at their charts, you can see a whole lot of money being pulled out, FAST.
The whole global warming cap-n-trade nonsense and fees, could spark a selling wave in utilities.
I’m becoming more and more convinced that they want to destroy Americans’ 401-k’s and IRA’s and force a new, government controlled retirement system on us, parallel to Social Security; a system which would invest workers’ contributions in Treasury bonds to continue to fund the expanding debt.
Am I crazy to think this? And could they do something like this?