Hey E:
Well that post is quite a mouthful. After reading all that I'm less certain now what to do than ever.
I've been setting back,like most I imagine, transfixed on CNN and other news channels. Just in the last two days have I finally settled down to try and think about my finances and what I should be doing. I'm still sitting with 90% cash.
I've thought a bit about metals. I still have a bone in my crop, though, from the Bre-X fiasco some years back that tanked a bunch of my mining stocks, and I haven't had any since. I sold all my Englehard silver bars four years ago at $540, I think. But I feel like I'm late to the party at this point. Thoughts?
Monday's market rally was welcome, but not too unusual after such a week as last week's. Numerous contrarian indicators point to a bottom, or nearly so. A good follow-through rally late this week would intice me to put some $ in.
Sept. 11 gave us a glimpse at the huge financial consequences of a such a tragedy. Unlike a hurricane hitting New York, though, the threat has as yet not diminished at all of a repeat. That's what's so hard for me to factor in, as your article pointed out that nobody had such an event factored into anything. I'd like to believe we've seen the worst. Yet those twin towers falling proves no bad scenario in my imagination is beyond reason.
best to all,
cb |
