Welcome to Slider's Dugout Message Board

STOCKTALK

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.

Politics : Welcome to Slider's Dugout

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bearjones who wrote (8265)	3/6/2008 10:00:15 AM
From: jim_p	Read Replies (3) of 50428

I covered my shorts a little too early, but a profit is a profit. The markets are pretty much playing out as I expected. Still no solutions to the credit crunch in site. All of the solutions rumored so far have been just that. No one is going to bail out the mono lines and a federal bailout will never get approved by congress. The losses are real and they will have to be absorbed by the markets and that will take a lot of time. There are no easy solutions to today’s problems. I still feel the losses will exceed a trillion dollars before it’s over. The recession will make matters a lot worse and the recession will most likely be long and deep. It time to watch the markets for a time to go long, but that won't happen until everyone stops trying to guess the bottom. It will be time to buy when no one wants to own stocks at any price (as we saw back in the late 70’s early 80’s) or if we have a crisis along with a capitulation. My guess is the bottom will be like it was in the 70’s-80’s with a long slow grind lower. Inflation is now baked into the system and will get worse with a declining USD, as the world scrambles for scarce resources and speculators drive up the price of commodities and natural resources. The bulls will tell you it’s different this time because we don’t have wage inflation. What they overlook is we have exported the manufacturing jobs to places like China and India where there is wage inflation that we will be importing along with a cheaper USD to make it even worse for the US consumer. Keep your eye on the supply of oil. Oil has now increased fivefold with virtually no increase in supply which has never happened before in history. Without abundant energy and credit there will be no recovery in the economy. Interesting times we live in as the fed destroys the hard earned savings of the baby boom generation and rewards the speculators and those who are heavily indebted. What a country we live in!!! Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next