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How to Survive a Stock Market Crash
CNN said that the stock market has hit the lowest 4-day numbers since…well, ever. George Soros has warned that this is big – a crash to rival the one in 2008. Doomsdayers have been warning of an impending collapse for quite some time. The Chinese market has closed early more than once this week.
I’m no financial expert, but this seems to be a collection of very, very bad signs. When markets slowly free fall and no one in the media is talking about it, that means it’s time to sit up, pay attention, and be prepared to take immediate actions.
This could just be a tremor before the Big One hits. The economic gurus at the Fed could find another way to kick the can a little bit further down the road, giving you more time to get your personal financial situation under control. Obviously, things just aren’t right, and you can consider this a warning bell.
This could be “it”. If there are no creative, fake-money-from-thin-air remedies left, the market will continue to fall when it opens on Monday. If the market is still dropping, it’s game on.
Take these immediate steps if the market continues to fall.