[sudo-discuss] Bubble

[J Clark]

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 at 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&insttype=Index&freq=2&show=&time=20
>
> 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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