27 Mar
2015
27 Mar
'15
10:36 a.m.
Hi Matt,
I've been watching this for a while too. There's a lot of global
uncertainty in financial markets, so we could be in for a domino thing
or who knows what.
The things most immediately affected for most people will be anything
that touches the stock market: IRAs, stocks or bonds. So first I'd
recommend looking at any stash of money that isn't in a checking or
savings account, consider if you can afford to lose it.
There are those who advocate much stronger measures, like what you'd do
to prepare for a major earthquake: stash drinkable & wash water, canned
or dried foods, first aid kits--gather the stuff you'd put in an
emergency kit, including some cash to buy things you didn't think of.
This is a good idea in any case, and while I'm at it, find your local
CERT training <http://resilience.abag.ca.gov/preparedness/cert/> and
take it. (In Oakland it's CORE
<http://www2.oaklandnet.com/Government/o/OFD/s/CORE/index.htm>.) Best
three days of your life.
j.
On 3/27/15 10:20 AM, mattsenate(a)gmail.com wrote:
Anyone else notice that the NASDAQ Composite Index has
about reached
the nominal peak of the dotcom boom? It's not at the real value peak
(i.e. adjusted for inflation), but still pretty peakish:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=COMP&in…
It seems to me that additional market forces caused by the likes of a
crisis in student debt or perhaps a natural disaster, such as an
earthquake, could hasten the inevitable burst. Otherwise we may be
looking at just a few years before a substantial fall in the stock
market, devaluation of over-inflated "tech" companies, subsided
startup investment, decrease in technology field employment, or other
similar things...
What might one do to prepare, as if not soon, at least inevitably
there will be some stock market crash that will largely affect the
wide bay area economy?
// Matt
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