BUY BUY BUY

The voice of the rich bloggers has spoken…..YOU MUST ALL BUY STOCK NOW!!! BUY BUY BUY!!!

What a bunch of fucking muppets. But prices must go back up right? Well no actually, the company can go under and then you lose whatever you put in. It happens, it’s happening right now! Companies going under. Even if a company survives the current financial crisis there is nothing that says that share prices have to go back up again to anything like old levels. Recent prices have been off the back of a hugely inflated economy thanks to the western attitude of borrow till you drop. We’ve all been writing cheques that the economy couldn’t cover and now it’s pay back time. You want to know a growth industry at the moment? Bookmakers. They are doing roaring trade as people who have been made unemployed put their last pay cheque on a nag. You may think that by buying stocks you’re making a long term can’t loose investment. In reality you’re no different to the man in the street nipping down the bookies to spend his wages.

Don’t ever expect things to ever be allowed to get this bad again, borrowing wil be under much stricter regulation. Our economies will and should never be allowed to get this far out of hand so the inflated share prices that we’ve all enjoyed over the last 5-6 years may actually never return. The global economy will be a much different place when all the dust settles from this. Dickheads who can barely afford the cash to buy a packet of crisps will never be allowed again to borrow 5 times their salary to buy a car! This all means a much calmer, levelled and realistic economy.

At the moment there are very few assets actually worth anything. Cash and gold. If you must spend your money spend it on gold. Stocks and property as investments have had their time and if I was you I’d leave the likes of Brown and Bush to provide the rescue packages, it’s not your job. Of course if you’re raking it in via blogs then you can probably afford to be stupid with your money. Good luck to you. It’s not great advice to advise others to do the same though is it?

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