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Politics : Welcome to Slider's Dugout

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To: stomper who wrote (8745)	3/26/2008 2:09:44 PM
From: RonMerks	Read Replies (2) of 50677

I dont have an arguement with much of what you guys say- just that you want to lump subprime and credit derivatives in with the 99.13% of mortgage paper that is GOOD and is PAYING and is NOT going into foreclosure. I think the financials will still continue to fall and I think the DOW could see 10,800 as all this crap gets washed out. But, the economy is not the mortgage backed derivatives market. The S&L crisis from 1986 to 1991 proved that. And I think it will prove it again. The Fed will inflate and I think we will see DOW 16000-18000 by 2011 (3 years), along with $150 Oil and $5 gasoline. Short the financials on every rally. I have no arguement with you guys there. And I do think there is another BSC. Probably LEH, or C. And I think the DOW breaks under 11,000 in the next year and that will be the low. But, then the Fed will inflate and it will work. DOW 16-18000 in three years. But, inflation will also continue to sink the dollar, and oil, gold and foodstuffs will rise. Long inflation- short financials who sold, or hold financial derivatives. Your strong local banks will be bargains. Wells Fargo will be a bargain. Don't confuse them with Countrywide, BSC, or C. Thats my .0002 cents <vbg> Ron

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