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Pastimes : The Philosophical Porch

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To: Stoctrash who wrote (214)9/13/2005 9:13:44 AM
From: Rarebird  Read Replies (1) of 26251
 
Dr. Trash:

The big question is whether the bearish wicked witch is dead or just waiting to inflict more damage. I'm invested in these markets these days as if the Wicked Witch is Dead. The past does not determine the future and these markets will move forward to the beat of their own drum. I'm wildly bullish here and will give these markets every opportunity to move forward until proven otherwise. But I'm no All-American buy and hold fool and I do know the risks. Life is short term. Death can come at any moment. That's why I'm "Jack be nimble, Jack be quick, Jack just looking for these markets to jump over the candlesticks".

Gold looks very bullish to me. There's massive inflation out there. That's the best environment for Gold. Gold is on the verge of a massive breakout. I don't give 2 hoots what anyone else says. People need to start thinking for themselves and stop listening to the so-called authorities and market experts who just want to make money at any expense. Gold is overbought short term. But I'd buy every dip aggressively here. A great window of opportunity lies here for the gold market and the XAU and HUI over the next couple of weeks. There should be disappointment and despair right before the breakout in Gold occurs. I'm in.

I sold some of my bond holdings last week and added to my equity and gold holdings.

I'm bullish on Tech here. Technology stocks are very much out of favor here and represent the cheapest sector of the market. Lots of people have not gotten over the 80% decline in the Nasdaq from April 2000 to October 2002.

Go into the Nothingness of the Night and make your peace with Tech. It'll pay off.

Be humble and always have an exit strategy.

Stubbornness is costly.

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