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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Cogito Ergo Sum who wrote (109486)	9/15/2008 10:31:03 PM
From: Gold Beach	3 Recommendations Read Replies (1) of 206326

I had been long for 6 years or so in energy stocks and did very well. First in coal such as BTU and then over to the Canadian Oil Sands stocks. But I started losing money and I went back to my old tried and true paid investment newsletters including Zeal Intelligence, Aden Forecast, The Shepard Report, John Mauldin, etc. They are all saying to get out of stocks based upon a multitude of charts. One consistent theme I read from them is that during the dot.com bust, the U.S. gov't should not have tried to jump start the economy by lowering interest rates. They said that all that accomplished was to delay the agony and made it much worse. Now the gov't is almost powerless to stop the carnage. They are pretty much predicting that the S&P 500 will go down to the 700's, the DOW to 7,000's, etc. IMHO, too many people on this thread, including many I know and like, keep thinking that we are near the bottom. That same mentality prevailed during the dot.com bust and reeked havoc on investors. I jumped back into the Candian Oil sands stocks twice during the last two weeks even though the paid investors said to stay out of all stocks. I only went in 25% but the losses were formidable.

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