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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (5722)8/1/2007 3:15:54 PM
From: pogohere   of 50700
 
This is a fun game, so let me put in my 2 cents:

Go long GS because GS will be taking the contrarian position on every market that can no longer be leveraged higher and every commodity that has been out of favor or held down.

Since the guys at the apex of the financial system have prospered by leveraging up and there are no more bagholders, it's time to bet that the systems that can't be rescued will be "allowed" to fail. Joe Kennedy went short in the late 1920s and became the first head of the newly created SEC. Neat, huh? He also bought the distribution rights to Irish booze during Prohibition. That turned out well.

So go long GS ? sure, as it will take the other side of everything now leveraged into bubble status.

The credit systems are busted, non-European central banks are collecting gold, oil will be in a supply deficit going out as far as the eye can see and there are no new buyers in sight for the US equities markets.

The little guy is about to find out that the middle class is a macro economic result of government policies (Homestead Act, immigration restrictions way back when, tariffs on imports, itemizing interest on mortgages, GI Bill). The powers that be didn't blink when the Indonesian, Argentine and Mexican middle classes got whacked. They won't concern themselves now that the US middle class has stepped into the crosshairs.

Beware the Ides of August.
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