SI
SI
discoversearch

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 : Waiting for the big Kahuna
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael Dymond who wrote (3381)7/30/1997 9:34:00 AM
From: tekgk   of 94695
 
Michael,

Thanks for the posts. The stock market reminds me of the Gold Market in the late 70's just before it hit 850/oz - completely irrational (at that time you could get 18% returns on gov't paper with inflation at 9% and falling). I bailed out of that market at 600/oz and missed the last $250. I did not mind because I did manage to pay for my second and third university degrees with the proceeds. This actually turned out to be the best investment I ever made. I bailed out of the stock market last month (tax free munis, gov't short term paper, and investment grade preferreds offer good returns without much risk). I find it amazing that Greenspan say's he does not know why the economy is doing so well. If he looked over at the treasury web site plus a few others he would see that 511 billion of debt was financed with foreign money during 95 & 96. This is real money in and of itself but once leveraged more that explaines the whole thing. Why does something so obvious escape most people. Like your article says ... the end result of this kind of debt is always the same. I would not be surprised if I miss out on the last 20% or so but I have decided that I am not smart enough to find the top. I play around with money I can afford to lose with some shorts and puts (which aren't doing so well). All of my small cap shorts have been hit by short squeezes :-). Good luck investing.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News