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Micron Technology Inc. Message Board

  • chuckie_pickless chuckie_pickless Mar 5, 2013 2:03 PM Flag

    Mkts going higher

    Cant hurt

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    • Money is flowing out of fixed instruments and into equities because it can't find any place else to go. The only thing that worries me about this is, taking the historical long view, we've seen this before many times over the past couple of hundred years. It always tends to end badly....so enjoy the party...but keep close to the exits and don't overly extend yerself is my motto right now...

      A book to read about the US over the last +200 years or so...."A Nation of Deadbeats, An Uncommon History of America's Financial Disasters" by Scott Reynolds Nelson. You think the past 5 years or so is the first time we've ever gone thru something like this in our country. You'd be wrong. We've gone thru it at least 7 times before...and each at root was caused by one thing...an over extension of credit and the house of cards it built and subsequently crumbled. It's an enlightening read; one I recommend as you watch the continued unfolding of our current mess.

      Highlow
      American Net'Zen

 
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