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February 16, 2009 at 3:26 PM #347929February 16, 2009 at 5:34 PM #347410
socrattt
Participant[quote=barnaby33]I’ll stick by what I said
It ain’t contained, it ain’t subprime and it ain’t over. Not by a long shot.
Bubblesitter, unless you are prepared to day trade there are NO GOOD investments right now. I say that because everyones books are so cooked you can’t possibly evaluate one potential good company from the turds stinking up the joint. The whole point of staying out of the markets is to wait until the govt stops trying to pick the winners and make the losers into winners at your expense. Once that happens, then you’ll be in an enviable position to buy great companies at steep discounts. We are nowhere near that point.
SRS, you’ve been a big disappointment to me these last 2 months, don’t fail me now!
[/quote]Barnaby, I have to say I partially disagree. I think gold and silver mining stocks may be a good play right now. If you can imagine how bad this sector was beat down when the markets were crushed. I think gold and silver stocks have a lot of catching up to do with the current commodity prices. As far as everything else, I would stay away.
For gold I like GG, ABX and AUY. For silver I like PAAS. Keep an eye on these as I believe they are poised for a nice run up.
February 16, 2009 at 5:34 PM #347729Participant[quote=barnaby33]I’ll stick by what I said
It ain’t contained, it ain’t subprime and it ain’t over. Not by a long shot.
Bubblesitter, unless you are prepared to day trade there are NO GOOD investments right now. I say that because everyones books are so cooked you can’t possibly evaluate one potential good company from the turds stinking up the joint. The whole point of staying out of the markets is to wait until the govt stops trying to pick the winners and make the losers into winners at your expense. Once that happens, then you’ll be in an enviable position to buy great companies at steep discounts. We are nowhere near that point.
SRS, you’ve been a big disappointment to me these last 2 months, don’t fail me now!
[/quote]Barnaby, I have to say I partially disagree. I think gold and silver mining stocks may be a good play right now. If you can imagine how bad this sector was beat down when the markets were crushed. I think gold and silver stocks have a lot of catching up to do with the current commodity prices. As far as everything else, I would stay away.
For gold I like GG, ABX and AUY. For silver I like PAAS. Keep an eye on these as I believe they are poised for a nice run up.
February 16, 2009 at 5:34 PM #347848Participant[quote=barnaby33]I’ll stick by what I said
It ain’t contained, it ain’t subprime and it ain’t over. Not by a long shot.
Bubblesitter, unless you are prepared to day trade there are NO GOOD investments right now. I say that because everyones books are so cooked you can’t possibly evaluate one potential good company from the turds stinking up the joint. The whole point of staying out of the markets is to wait until the govt stops trying to pick the winners and make the losers into winners at your expense. Once that happens, then you’ll be in an enviable position to buy great companies at steep discounts. We are nowhere near that point.
SRS, you’ve been a big disappointment to me these last 2 months, don’t fail me now!
[/quote]Barnaby, I have to say I partially disagree. I think gold and silver mining stocks may be a good play right now. If you can imagine how bad this sector was beat down when the markets were crushed. I think gold and silver stocks have a lot of catching up to do with the current commodity prices. As far as everything else, I would stay away.
For gold I like GG, ABX and AUY. For silver I like PAAS. Keep an eye on these as I believe they are poised for a nice run up.
February 16, 2009 at 5:34 PM #347879Participant[quote=barnaby33]I’ll stick by what I said
It ain’t contained, it ain’t subprime and it ain’t over. Not by a long shot.
Bubblesitter, unless you are prepared to day trade there are NO GOOD investments right now. I say that because everyones books are so cooked you can’t possibly evaluate one potential good company from the turds stinking up the joint. The whole point of staying out of the markets is to wait until the govt stops trying to pick the winners and make the losers into winners at your expense. Once that happens, then you’ll be in an enviable position to buy great companies at steep discounts. We are nowhere near that point.
SRS, you’ve been a big disappointment to me these last 2 months, don’t fail me now!
[/quote]Barnaby, I have to say I partially disagree. I think gold and silver mining stocks may be a good play right now. If you can imagine how bad this sector was beat down when the markets were crushed. I think gold and silver stocks have a lot of catching up to do with the current commodity prices. As far as everything else, I would stay away.
For gold I like GG, ABX and AUY. For silver I like PAAS. Keep an eye on these as I believe they are poised for a nice run up.
February 16, 2009 at 5:34 PM #347979Participant[quote=barnaby33]I’ll stick by what I said
It ain’t contained, it ain’t subprime and it ain’t over. Not by a long shot.
Bubblesitter, unless you are prepared to day trade there are NO GOOD investments right now. I say that because everyones books are so cooked you can’t possibly evaluate one potential good company from the turds stinking up the joint. The whole point of staying out of the markets is to wait until the govt stops trying to pick the winners and make the losers into winners at your expense. Once that happens, then you’ll be in an enviable position to buy great companies at steep discounts. We are nowhere near that point.
SRS, you’ve been a big disappointment to me these last 2 months, don’t fail me now!
[/quote]Barnaby, I have to say I partially disagree. I think gold and silver mining stocks may be a good play right now. If you can imagine how bad this sector was beat down when the markets were crushed. I think gold and silver stocks have a lot of catching up to do with the current commodity prices. As far as everything else, I would stay away.
For gold I like GG, ABX and AUY. For silver I like PAAS. Keep an eye on these as I believe they are poised for a nice run up.
March 4, 2009 at 11:48 AM #360023Bubblesitter
ParticipantInteresting article on CNBC today
http://www.cnbc.com/id/29510268
Is This a Depression? For Markets, It May Not Matter
Jeff Cox, CNBC.com | 04 Mar 2009 | 02:48 PM ET“Call it whatever you like—recession or depression—the current economic state has investors concerned that a worst-case scenario is in the offing.
Many think the word “depression” is, in fact, incidental to the real state of affairs. Things are bad, really bad, and everybody knows it.
“The closest thing we can find to the market collapse that we are experiencing now would really be ’73-’74,” says Peter J. Tanous, president and director of Lynx Investment Advisory in Washington, D.C. “The market went down over the two-year period 45 percent. I was already in the business 10 years in ’73, and I can tell you this is far, far worse.”
March 4, 2009 at 11:48 AM #360328ParticipantInteresting article on CNBC today
http://www.cnbc.com/id/29510268
Is This a Depression? For Markets, It May Not Matter
Jeff Cox, CNBC.com | 04 Mar 2009 | 02:48 PM ET“Call it whatever you like—recession or depression—the current economic state has investors concerned that a worst-case scenario is in the offing.
Many think the word “depression” is, in fact, incidental to the real state of affairs. Things are bad, really bad, and everybody knows it.
“The closest thing we can find to the market collapse that we are experiencing now would really be ’73-’74,” says Peter J. Tanous, president and director of Lynx Investment Advisory in Washington, D.C. “The market went down over the two-year period 45 percent. I was already in the business 10 years in ’73, and I can tell you this is far, far worse.”
March 4, 2009 at 11:48 AM #360471ParticipantInteresting article on CNBC today
http://www.cnbc.com/id/29510268
Is This a Depression? For Markets, It May Not Matter
Jeff Cox, CNBC.com | 04 Mar 2009 | 02:48 PM ET“Call it whatever you like—recession or depression—the current economic state has investors concerned that a worst-case scenario is in the offing.
Many think the word “depression” is, in fact, incidental to the real state of affairs. Things are bad, really bad, and everybody knows it.
“The closest thing we can find to the market collapse that we are experiencing now would really be ’73-’74,” says Peter J. Tanous, president and director of Lynx Investment Advisory in Washington, D.C. “The market went down over the two-year period 45 percent. I was already in the business 10 years in ’73, and I can tell you this is far, far worse.”
March 4, 2009 at 11:48 AM #360510ParticipantInteresting article on CNBC today
http://www.cnbc.com/id/29510268
Is This a Depression? For Markets, It May Not Matter
Jeff Cox, CNBC.com | 04 Mar 2009 | 02:48 PM ET“Call it whatever you like—recession or depression—the current economic state has investors concerned that a worst-case scenario is in the offing.
Many think the word “depression” is, in fact, incidental to the real state of affairs. Things are bad, really bad, and everybody knows it.
“The closest thing we can find to the market collapse that we are experiencing now would really be ’73-’74,” says Peter J. Tanous, president and director of Lynx Investment Advisory in Washington, D.C. “The market went down over the two-year period 45 percent. I was already in the business 10 years in ’73, and I can tell you this is far, far worse.”
March 4, 2009 at 11:48 AM #360616ParticipantInteresting article on CNBC today
http://www.cnbc.com/id/29510268
Is This a Depression? For Markets, It May Not Matter
Jeff Cox, CNBC.com | 04 Mar 2009 | 02:48 PM ET“Call it whatever you like—recession or depression—the current economic state has investors concerned that a worst-case scenario is in the offing.
Many think the word “depression” is, in fact, incidental to the real state of affairs. Things are bad, really bad, and everybody knows it.
“The closest thing we can find to the market collapse that we are experiencing now would really be ’73-’74,” says Peter J. Tanous, president and director of Lynx Investment Advisory in Washington, D.C. “The market went down over the two-year period 45 percent. I was already in the business 10 years in ’73, and I can tell you this is far, far worse.”
March 4, 2009 at 12:37 PM #360038Butleroftwo
Participant[quote=Bubblesitter]When General Cornwallis surrendered to the Americans at Yorktown in 1781, the band played “World Turned Upside Down”. So shocking and unexpected was their defeat that they felt the world had truly “turned upside down”
Bubblesitter[/quote]
Lou Dobbs quoted this paragraph verbatim as I recall on his show last night.March 4, 2009 at 12:37 PM #360343Participant[quote=Bubblesitter]When General Cornwallis surrendered to the Americans at Yorktown in 1781, the band played “World Turned Upside Down”. So shocking and unexpected was their defeat that they felt the world had truly “turned upside down”
Bubblesitter[/quote]
Lou Dobbs quoted this paragraph verbatim as I recall on his show last night.March 4, 2009 at 12:37 PM #360486Participant[quote=Bubblesitter]When General Cornwallis surrendered to the Americans at Yorktown in 1781, the band played “World Turned Upside Down”. So shocking and unexpected was their defeat that they felt the world had truly “turned upside down”
Bubblesitter[/quote]
Lou Dobbs quoted this paragraph verbatim as I recall on his show last night.March 4, 2009 at 12:37 PM #360525Participant[quote=Bubblesitter]When General Cornwallis surrendered to the Americans at Yorktown in 1781, the band played “World Turned Upside Down”. So shocking and unexpected was their defeat that they felt the world had truly “turned upside down”
Bubblesitter[/quote]
Lou Dobbs quoted this paragraph verbatim as I recall on his show last night. -
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