there ought to still be a nice ramp, 20%, that allows cheap buys on skf and other short funds, as the bears could get reamed first, as before, and generally as bad as always, for that is what happens to bears, sudden death, where as the bulls generally get slow roasted
my so called 'out' is no more 'out' than any other stance
no one is allowed to quit the game
folks merely bleed out faster or slower, over elapsed time
we are merely aiming to bleed out last, over a long elapsed time
so, once you strip out the rental real estate (average holding period of the group weighed by assessed value is probably in the 7 year range now) that is earning every month, and re-define then strip out the 'bond' which is actually cash surrender value and future premium sum of life insurance policy that has been in force since 1991 and actually, the future premium sum has just been directed to an asian real estate fund operated by the insurer, my then equity allocation is:
Cash @ 74% (11.2% CAD, 40.4% HKD, 22.4% USD in 3-6 mths T-bills)
Physical gold & platinum @ 12%
Equity (then about 1.5% in the negative SKF bet) @ 14%
very reasonable 'null' position for a USD/HKD base currency combatant.
The issue now is counter-party risk. Meaning all custodian outfits are suspect, because their counter-parties are suspect, etc.
Must put name on cash, and if cannot find suitable names in cash space, can only stay in cash for a short while, must retreat to true cash that is gold, and private party (HSBC etc) paper gold cannot do, ETF is a maybe.
It has come to this, for a few, and soon ... lines around street corners, with Florida, Montana, ... California states lined up first amongst equals, along with the sovereigns, and of course, the financial institutions, led by fannie and freddie, as the teachers and policemen and even soldiers in the desert gets upset.
it will not be different overseas, because the USA-exported toxic waste, via derivatives, is everywhere, all sustaining the unsustainable.
At the end, the announcer, "Game Over, Players, Cooling system malfunction. Duo-Core thermal switch set. System reset on 3" |
