Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Frank Pembleton who wrote (1421)	9/11/2001 10:37:38 PM
From: ItsAllCyclical	of 36161

>> The worst part of owning gold in this is that my father tells me I'm have "blood money" in my brokerage account. << You and your family may need that blood money if this is the start of a world recession. The US dollar potentially plunging as a world currency and foreign investors pulling assets out of US markets may send the US consumer into a tailspin. Say buh bye to the housing market and US enters a full-blown recession. Consumer confidence will not be undermined in 1 day or even 1 week, but over the course of the next few months or longer. The world's #1 and #2 economies entering full blow recessions... You need to do whatever you can to protect yourself for the future. Don't feel guilty about it. Now conversely this may present a good buying op if there's a washout and the LT consequences don't come to bear, but given the valuation of the markets it would not surprise me to see the Dow and the S&P 500 down 20-40% each over the next year. I think the Nasdaq might fare slightly better on a relative basis since it's down so much already, but not sure. Like everyone I'll be re-evaluating hourly so this is purely half-baked opinion at this time.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next