I think it's the sign of the bear, personal debt is going to curtail retail/consumer spending which has been the saviour of the markets. Add in reduced productivity, higher unemployment and the potential for negative equity on real estate holdings which will effect personal perception on wealth and a weaker dollar to-boot and things look grim IMO, BWTFDIK.
I'm looking at precious metals and healthcare/pharmaceuticals as a hedge for 50% of my 10 buck portfolio.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.