commodities, gold, juno fund (short treasuries), non dollar bonds, collectables, hedge funds (if you have the stomache), maybe forgien stocks, short term cd's/tsy/agency, ARP's
Anybody that made a bet that stocks, bonds and real estate are overpriced , a bet against Greenspan was slaughtered today.
Bonds exploded to the upside, SP 500 was up, dollar was up, gold dropped $20 and silver was decimated 10%.
To illustrate the amount of pain today, if somebody with a 20K account leveraged it to the max with silver, the account balance at the end of the day today would be negative 20,000.
The drop was so fast that the brokerage would be unable to liquidate the position except at the low.
Greenspan wins (again) |
