David, <<GOOG is heading down>> ... of course it is, because everybody is in, only waiting to get out, and there be plenty to get out from :0)
I day we do not cover is a day we do not buy the share at that day's price ;0)
Adding to a short position is a bigger decision than holding one, I think.
Besides, what's to worry, Creamer is saying 'buy'. But then again, Creamer says a lot of things Message 21450875 . Of course, what isn't cannot be, not for long anyway.
But I do not find GOOG going one or another way threatening. I am not particularly worried about the whole stock market, since I am sure it will go down, and stay down. Why worry about certainty.
I am however bothered by the entire financial economy, because (i) it might not collapse, in which case our paper money will be worth ever less, and (ii) it might collapse, in which case our paper money will be worth ever less. Now, this is something to worry about, because the only out is gold, which according to many, is otherwise already worthless. How are those for choices ;0)
On the currencies, hard to play.
The USD ought to go down, just like GOOG, but so ought the rest of the paper money, specifically including AUD, CAD, EUR, JPY, and RMB. Timing matter more in playing currencies then stocks, assuming the chances of being right are the same (which they might not be). The amounts involved are larger, movement sometimes imperceptible until ... yikes, and so losses are often more serious than ouch, especially if one marches away from base accounting currency - only able to register losses but not gains.
Chugs, J |
