Monday, March 25, 2013

As The Wealthy Panic We Will See Tsunamis In All Key Markets

People panic in groups.

If you are very wealthy, are you the lucky one to panic early, or are you going to be part of the norm and panic late?

If the latter, your wealth will likely be destroyed.

The available solutions will have already been taken by those who panicked early.

Like a tsunami, it can spread silently throughout the world financial markets.

We should look for the telltale ripple effects as the early movers try to protect their assets before it is too late.

If the wealthy panic as a group, we will see the equivalent of 50-foot financial tsunamis in virtually all markets.

It has been said that staying wealthy is much harder than becoming so. The truly wealthy are about to relearn that lesson.