For the past few weeks the world has been on pins and needles if you will wondering what is going to happen to the stock markets around the world based on the unrest and protest in North Africa and the Middle East.
The latest unrest has spread to Libya and Bahrain and unlike in Egypt the protests in these countries have turned violent. The Saudi Arabian king also came home early from his convalescence to address the growing unrest of his people and decided to throw billions of dollars to them in aid. Unemployment of the citizenry in these Islamic countries are extremely high and the population is also quite young. You put these two dynamics together with no freedom or liberty and you have a concoction that is infectious and could spread to Europe and Asia.
Also as a result of the unrest oil prices have crept over 100.00 dollars a barrel for the first time since 2008/2009. Couple this with economies that are still very fragile and trying to recover I don't have to tell you that stock markets around the world are going to give back in a very big way what they have earned over the past year and a half. What I suggest to you is to take profit, move money to precious metals and energy at the moment. If you have a 401K, IRA, or a pension account protect yourself by moving to more conservative positions to protect what you have left from the financial crisis of 2008/2009. What I am suggesting to you here is serious and you should act accordingly immediately.
I am not a fortune teller but what I do know is that the crisis in North Africa and the Middle East is not going away anytime soon, so as a precaution please heed my warnings here to protect your profits if you have any and to protect that nest egg of yours if you have any of it left. Stay tuned as there will be more to come and follow this blog regularly it could be the difference in being poor or if you don't or being wealthy if you do.
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