The markets will crash and they will crash badly but if you're prepared and you know what you are doing then you can make a fortune by short selling at the right time and buying inverse stocks for example.
These are the toughest times to be in the markets because they are heavily driven by news, "hope" and fear.
Just when you think the markets will fall off a cliff something happens in the news like for example a huge bailout package for europe which reverses the markets in an instance.
Or on the other hand when you think the markets are going to rally on and then the Greek president calls a surprise refurendum only to cancel it a couple of days later. Then a couple days later news reports comes out about Italys borrowing levels being sky high.
These kind of situations create extreme volatility in the markets to the upside and downside and so trading is a nightmare.
If he is doing well during these times then he obviously knows what he is doing, but even then it is extremely risky. The current markets will make the best of traders sweat.
I dont know when the big crash or crashes are coming because there are things that can happen to temporarily avoid the crash such as european central bank interference or another round of quantitative easing in America, but the markets will crash eventually.
I cant even advise where to put your money because I just don't know whats going to happen, it seems like no currency is safe, so perhaps gold is a good idea but yesterday it crashed with the markets.
The dollar is very strong at the moment but only because of the eurozone crisis.
These are very uncertain and troubling times and only the most skilled and experienced traders with luck on their side will come out of this better off.
Btw I'm not an expert lol
edit on 18-11-2011 by SpaceMonkeys because: (no reason given)


