Comments by "wvu05" (@wvu05) on "Can Fed Keep Economy Going For Much Longer? w/ Richard Wolff" video.

Another concern about an impending crash: the price to earnings ratio of the S&P is higher than it was for the Nasdaq at the height of the dot-com bubble. These stocks are seriously overpriced.
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@stevefernandez6431 Precious metals are always a countercyclical play. At 1300 and change, gold is down 25% from its peak in 2010. The real question is the timeframe. If you have a lot of time to recover, you're probably better off staying where you are. It took four or five years after the market bottomed out to get back to the pre-crash levels of 2007. So, if you are in something that matches overall performance, a crash is usually a good time for bargain shopping, because even if Coca-Cola stock drops 25%, for example, it won't just become worthless and can recover. Someone who is closer to retirement age might be better off selling, though.
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