Planning your personal trip to Vegas

Here is a simple, practical question that each person can and should ask themselves: how much of your savings would you feel comfortable taking to Las Vegas this weekend and plopping down at the craps table? Seriously.  What is your number?  Give it some thought and define it. $100? $1000? 10,000? $100,000? more? Whatever your number is, now you have defined your tolerance for capital loss.

Now you know how much money you are comfortable holding in QE-juiced global stock markets today. It’s that simple. All the other banter is sales puff nonsense. If your two numbers don’t currently match, you have some soul-searching to do. Hopefully for your own sake, sooner than later.

Is the S&P about to take 30 percent dive? Marc Faber, the editor and publisher of the Gloom, Boom & Doom Report, says the global economy does not support current valuations and the market may bypass a meaningful correction and go straight to a crash. Here is a direct video link.

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