The nation didn’t end up falling off the dreaded fiscal cliff.
I envisioned a final scene from a movie. ‘We the people’ tumbled off a cliff and were hanging on to a branch that was slowly ripping from its roots as we held on for dear life. And finally, after ignoring the nation for months, the Senate and House joined forces and clenched hands with us, pulling us back onto land, avoiding what would surely be a fatal fall.
Though our feet are now firmly planted on soil until the next fiscal crisis, I am left to wonder, who still has faith in the economy, or the stock market?
My 401K isn’t impressive, nor is my savings account. But I much would rather shoot down I-81 to Hollywood Casino than put my money into the market.
Maybe I am ill-informed. Maybe I don’t trust the system. But I feel much more comfortable putting $500 on red than putting it into stocks.
And apparently I am not alone. Ordinary citizens are losing faith in the market.
Do you have faith in the market?
Do you plan to invest in 2013?