The stock market is crashing hard. The downgrade did not help matters but really probably won't much matter all that much in the long run. It goes without saying that this country is in dire straits and one does not have to be an "economist" to see it. With that being said, now is the time to make a bit of coin.
Now I know, and so do you (be honest with yourself) that the stock market is really just gambling. Probably did not used to be that way but for years it has been akin to going to the casino. The sad thing is; people base their retirement on this volatile and often manipulated system. That's why it irks me when I hear of those wanting to "privatize" Social Security. Yes, yes we know we would have gotten a better return historically on the money, but SSI is basically a supplement anyway. If you depend on it as your sole source of income then you will be just a step above destitute when all is said and done. Anyway with the market crashing as it is and people's "retirement" right along with it; there are some opportunities to make a lot of jack. Yep I am talking about so called "penny stocks." Look around, keep a sharp eye, and take a risk on a cheap long shot. You don't have to wager err risk much. You can pick up a lot of stock on the cheap. You may well lose it all but keep your risk reasonable.
Chances are you will be paying hefty capital gains before you know it. Shame the IRS steals as much as they do but you still might get to keep enough to buy the Harley and feed your inner Bandido.
Last time the market was in free fall I made a little purchase in a couple of outfits that no longer exist. Before they checked out for good the price had skyrocketed (and then of course fell back to earth). I timed it right, had fun, made money, and didn't have to sit in some noisy casino looking at drunk guys and big mama's in stretch pants.
I did my wagering sitting cock to the breeze in the comfort of my own home.