Quote:
Originally Posted by westcoast
After watching the 60 mins segment on the looming debt crisis in many
of the States I decided to get out of the market and stay on the sidelines
for a while. I believe this market has gone as far as it has and will run
out of steam next year. But what do I know, just a feeling. Question
now is where park my money. Any suggestions?
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The woman you saw on
60 Minutes a couple of weeks ago is Meredith Whitney. She has been taking a little pounding since then from those who do not want to hear what she has to say about the states.
But I think we all know that there are states that have been mismanaging money for years. Who knows where it will all lead.
I listened to a C-Span interview with Meredith Whitney that was done in August. If you want to know more about her, you might want to listen, too. But if you don't want to listen to a whole hour, maybe at least drag the little thing at the bottom of the screen to around the 30 minute mark and listen for a few minutes while she talks about transparency, about stocks vs. bonds, and about how investors should not be intimidated by those who want to make them think they cannot understand their own investments.
Here's the interview...
http://www.c-spanvideo.org/program/295272-1
And here's an article from
Fortune about how Meredith Whitney rates the states.....
http://finance.fortune.cnn.com/2010/...et-the-states/
Boomer