My brother did not wait for the dead cat to bounce, he sold every thing he had at the lowest point. I should never call my brother a fool, but what was he doing with so much money in the market, and having a $60,000. credit card debt at the same time? Now he is hording all those soon to be worthless dollars! It looks like the cat will keep on bouncing until the dying dollar is at last dead. There yet could be the biggest bounce in the history of the stock market, as investors try to figure out what to do with all their funny money. as more and more people around the world are starting to realize the dollar will soon be worthless. The world is now in a frenzy, in it's rush to cash in the dollar, and the end of this once great pillar of trust is very near. Those who have a lot of cash, know that stocks are better bet than holding a bag of money that is worth nothing.
Let's face it, everyone in the world knows that the Fed is pumping dollars out as fast as they can print them, so it is only a matter of time before the music stops, everyone else takes a seat, and we are the ones who get kicked out of the game.
Very soon, the dollar will become worthless, or at least deeply devalued. Gold has already skyrocketed in price. And everyone who has one of these legal contracts that says they can buy gold at $900/ounce are demanding their gold.
Problem is there's not enough of it to go around at any price, which fuels the cycle and forces gold prices higher and higher, and the dollar lower.
And if you think that can't happen here, sorry about that, don't forget, I warned you a few years ago, that is exactly what happened in post-WWI Germany.
The great allied powers, after having striped Germany of all it's wealth. Quit taking impoverished Germany's "inflated" paper money and demanded gold in exchange for goods and services. (Germany had their own version of The Fed.) This sparked a massive decline in the value of their currency, and in the end, it took a whole wheel-barrel load of Deutchmarks to buy a loaf of bread.
Germany was in anarchy, and from this chaos, the stage was set for Hitler to storm in on his painted white horse and save the day at the expense of....guess who?.....the Jews.