This is one of my favorite threads really. Dark, funny, optimistic and informative all at the same time.
A few thoughts on the market… The money and volume will return to the market next week, the Mums and Pops were busy dropping their kids off at Ivy league schools and otherwise socializing with old scull clubs. But as for what the money does, short the market or get invested in growth is anyone’s guess. I am leaning towards conservative investment in growth and commodity oriented stocks.
As PM concerns me, looking at what happened in 2008, YES Gold and Silver tanked with the market and made one huge spike down, but did rebound more quickly because of the fear factor I am sure. Short of martial law and confiscation .. which I don’t completely rule out .. I am inclined that we will see a repeat.
As far as safe havens, I am beginning to think there are only a few maybe commodities, muddy currency diversification and as Red commented just plain shorting the market or using inverse ETFs. Or if you still have any muscles left buying farm land and a tractor in the Midwest.
Obama’s speech was too low brow for my taste, what we need in this country to be competitive is better education and massive data centers with fiber and free wifi, no one will care about roads and bridges because they are sitting at the computer ordering stuff from Amazon and watching the Packers on their phones. IMHO India and China may be able to provide the cheapest most reliable data and compute power ahead of the US, because the ‘internet’ is fast becoming ubiquitous. RAX may be cool, but only have staying power if they can keep their IP high, after all .. the hard drives and equipment are all made in Asia.
Best to everyone enjoy your weekend, family and friends.
I think he means “get out of all paper, as it’s only worth the paper it’s printed on”… so gold and silver would probably be he likely choice. Of course I think the metal’s will crash when the stock market crashes, so they aren’t safe either. Best to just short the hell out to the market in my opinion.
Now that they have told us that there will be a margin call coming in this crash (by the new movie “Margin Call’ of course), that just re-enforces the fact that gold will tank when they are forced to sell it when the margin calls come.
This is one of my favorite threads really. Dark, funny, optimistic and informative all at the same time.
A few thoughts on the market… The money and volume will return to the market next week, the Mums and Pops were busy dropping their kids off at Ivy league schools and otherwise socializing with old scull clubs. But as for what the money does, short the market or get invested in growth is anyone’s guess. I am leaning towards conservative investment in growth and commodity oriented stocks.
As PM concerns me, looking at what happened in 2008, YES Gold and Silver tanked with the market and made one huge spike down, but did rebound more quickly because of the fear factor I am sure. Short of martial law and confiscation .. which I don’t completely rule out .. I am inclined that we will see a repeat.
As far as safe havens, I am beginning to think there are only a few maybe commodities, muddy currency diversification and as Red commented just plain shorting the market or using inverse ETFs. Or if you still have any muscles left buying farm land and a tractor in the Midwest.
Obama’s speech was too low brow for my taste, what we need in this country to be competitive is better education and massive data centers with fiber and free wifi, no one will care about roads and bridges because they are sitting at the computer ordering stuff from Amazon and watching the Packers on their phones. IMHO India and China may be able to provide the cheapest most reliable data and compute power ahead of the US, because the ‘internet’ is fast becoming ubiquitous. RAX may be cool, but only have staying power if they can keep their IP high, after all .. the hard drives and equipment are all made in Asia.
Best to everyone enjoy your weekend, family and friends.
Well, hopefully that was the right decision.
I stayed long my small position and stayed the rest in cash… just in case the crap really does hit the fan.
good work, may pay off well. I will calibrate on Monday morning.
I am still in my positions. Gong long for Mondays pent up energy in the markets for Monday.
I fully I agree!
I am glad held on Red, the markets are going to explode upwards monday- tuesday. This I believe is going to surprise a lot of investors who are short.
I think he means “get out of all paper, as it’s only worth the paper it’s printed on”… so gold and silver would probably be he likely choice. Of course I think the metal’s will crash when the stock market crashes, so they aren’t safe either. Best to just short the hell out to the market in my opinion.
Now that they have told us that there will be a margin call coming in this crash (by the new movie “Margin Call’ of course), that just re-enforces the fact that gold will tank when they are forced to sell it when the margin calls come.
And get in to what?
Margin call is not released until Oct 21/11 here in Vancouver Canada