Originally Posted by
boneil
I'm beginning to wonder if this is our Bear Stearns moment. I'm not following too closely but I have seen that there are emails going around from some funds to clients to pull they're money out of certain banks. But it might already be too late. It's more than one bank, I'm seeing people talk about online.
My thought is, anybody who lost money from the GFC sees these headlines that will certainly come out the next couple days, will probably sell. I know that if I was near retirement, I would be selling. Maybe an over reaction but alot of the money "gurus" said everything was fine days before it was too late back in 08.
And this is before the Fed kills enough jobs to get inflation back down to 2%.