Informal Stock Market Poll

[stockstradr]

I dumped all my short market positions (which were about 50% of portfolio) this morning with the markets down another 4%.

The other 50% of my portfolio was in GOLD before the markets opened. I’m joining the markets in buying MORE gold.

Let’s consider the future implications of the Fed bailout of Fannie/Freddie, and AIG, and military spending, and the Social Security benefits deficit, and the existing Federal debt. When combined those are a financial burden the US government cannot manage. What happens in the stock market this year will be trivial compared to the long-term effects of that massive debt burden.

It is now inevitable the US government will go bankrupt, unless our government will use the only available tactic to avoid that: devaluing the dollar. This means printing money on massive scale during the next ten, twenty years. This means massive inflation. That way, our government inflates its way out of the money it owes foreign governments.

This is why gold has jumped over 5% today.

The dollar is the world’s de facto reserve currency, but when the nations who hold trillions of dollars realize that the USA must systematically devalue the dollar. Then the world will abandon the dollar. The Million Dollar Question is: what will those decision makers BUY when they selling trillions of dollars, and trillions of dollar-denominated securities?

Some guess they will buy: GOLD, Chinese Yuan, EUROS, Swiss Francs?

[peterb]

Oh, It’s on now!!!

[peterb]

Oh, It’s on now!!!

[peterb]

Oh, It’s on now!!!

[peterb]

Oh, It’s on now!!!

[peterb]

Oh, It’s on now!!!

[zzz]

I got out of most of my stock positions last week and the remainder yesterday afternoon. The rest of my equity investments are in my retirement account and I personally do not actively manage that nor move anything around given I have a long ways to go before retiring and heck, I’m dollar cost averaging. I have been out of Treasuries since last year since the yields were shit anyhow. I would not buy Treasuries right now even in they were paying 6%+ rates…anything is possible including our good ol government defaulting.

I believe unless you are “investing” longer term in specific stock( willing to wait out a gain over a multi year environment) versus trading specific stocks, you should probably cash in any gains you have in the next run up. I believe it will get a lot worse before it gets better and I personally did not want to get “stuck” in a few stocks for years. I believe there is definitely money for the taking in short term trading in this volatile market. Hedge funds love volatility, but since most of us are managing our own funds and not someone else’s money, I’d think unless you really know what you’re doing, you might want to just button down the hatches.

[zzz]

I got out of most of my stock positions last week and the remainder yesterday afternoon. The rest of my equity investments are in my retirement account and I personally do not actively manage that nor move anything around given I have a long ways to go before retiring and heck, I’m dollar cost averaging. I have been out of Treasuries since last year since the yields were shit anyhow. I would not buy Treasuries right now even in they were paying 6%+ rates…anything is possible including our good ol government defaulting.

I believe unless you are “investing” longer term in specific stock( willing to wait out a gain over a multi year environment) versus trading specific stocks, you should probably cash in any gains you have in the next run up. I believe it will get a lot worse before it gets better and I personally did not want to get “stuck” in a few stocks for years. I believe there is definitely money for the taking in short term trading in this volatile market. Hedge funds love volatility, but since most of us are managing our own funds and not someone else’s money, I’d think unless you really know what you’re doing, you might want to just button down the hatches.

[zzz]

I got out of most of my stock positions last week and the remainder yesterday afternoon. The rest of my equity investments are in my retirement account and I personally do not actively manage that nor move anything around given I have a long ways to go before retiring and heck, I’m dollar cost averaging. I have been out of Treasuries since last year since the yields were shit anyhow. I would not buy Treasuries right now even in they were paying 6%+ rates…anything is possible including our good ol government defaulting.

I believe unless you are “investing” longer term in specific stock( willing to wait out a gain over a multi year environment) versus trading specific stocks, you should probably cash in any gains you have in the next run up. I believe it will get a lot worse before it gets better and I personally did not want to get “stuck” in a few stocks for years. I believe there is definitely money for the taking in short term trading in this volatile market. Hedge funds love volatility, but since most of us are managing our own funds and not someone else’s money, I’d think unless you really know what you’re doing, you might want to just button down the hatches.

[zzz]

I got out of most of my stock positions last week and the remainder yesterday afternoon. The rest of my equity investments are in my retirement account and I personally do not actively manage that nor move anything around given I have a long ways to go before retiring and heck, I’m dollar cost averaging. I have been out of Treasuries since last year since the yields were shit anyhow. I would not buy Treasuries right now even in they were paying 6%+ rates…anything is possible including our good ol government defaulting.

I believe unless you are “investing” longer term in specific stock( willing to wait out a gain over a multi year environment) versus trading specific stocks, you should probably cash in any gains you have in the next run up. I believe it will get a lot worse before it gets better and I personally did not want to get “stuck” in a few stocks for years. I believe there is definitely money for the taking in short term trading in this volatile market. Hedge funds love volatility, but since most of us are managing our own funds and not someone else’s money, I’d think unless you really know what you’re doing, you might want to just button down the hatches.

[zzz]

I got out of most of my stock positions last week and the remainder yesterday afternoon. The rest of my equity investments are in my retirement account and I personally do not actively manage that nor move anything around given I have a long ways to go before retiring and heck, I’m dollar cost averaging. I have been out of Treasuries since last year since the yields were shit anyhow. I would not buy Treasuries right now even in they were paying 6%+ rates…anything is possible including our good ol government defaulting.

I believe unless you are “investing” longer term in specific stock( willing to wait out a gain over a multi year environment) versus trading specific stocks, you should probably cash in any gains you have in the next run up. I believe it will get a lot worse before it gets better and I personally did not want to get “stuck” in a few stocks for years. I believe there is definitely money for the taking in short term trading in this volatile market. Hedge funds love volatility, but since most of us are managing our own funds and not someone else’s money, I’d think unless you really know what you’re doing, you might want to just button down the hatches.

[cr]

The stock and real estate market of the past 5 years were thought to be unsinkable. Reminds me of the Titanic, only this the time the ship was made of MBS paper.

This stuff needed to happen.

You simply can’t have an economy built on more debt than it can pay and expect things to continue to rise.

I think internationally it’s a bit of an over correction and will probably rebound faster, but the US is heading for a depression-like era of living under our means, getting rid of debt, and hopefully getting people in positions who know what they are doing.

[cr]

The stock and real estate market of the past 5 years were thought to be unsinkable. Reminds me of the Titanic, only this the time the ship was made of MBS paper.

This stuff needed to happen.

You simply can’t have an economy built on more debt than it can pay and expect things to continue to rise.

I think internationally it’s a bit of an over correction and will probably rebound faster, but the US is heading for a depression-like era of living under our means, getting rid of debt, and hopefully getting people in positions who know what they are doing.

[cr]

The stock and real estate market of the past 5 years were thought to be unsinkable. Reminds me of the Titanic, only this the time the ship was made of MBS paper.

This stuff needed to happen.

You simply can’t have an economy built on more debt than it can pay and expect things to continue to rise.

I think internationally it’s a bit of an over correction and will probably rebound faster, but the US is heading for a depression-like era of living under our means, getting rid of debt, and hopefully getting people in positions who know what they are doing.

[cr]

The stock and real estate market of the past 5 years were thought to be unsinkable. Reminds me of the Titanic, only this the time the ship was made of MBS paper.

This stuff needed to happen.

You simply can’t have an economy built on more debt than it can pay and expect things to continue to rise.

I think internationally it’s a bit of an over correction and will probably rebound faster, but the US is heading for a depression-like era of living under our means, getting rid of debt, and hopefully getting people in positions who know what they are doing.

[Author]

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