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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: skinowski who wrote (109949)9/20/2008 3:34:18 PM
From: quehubo1 Recommendation  Read Replies (1) of 206209
 
Even if these assets can be offloaded in the distant future at a profit we must still pay the interest on an estiamted $700,000,000,000.00.

Damn that is allot of zeros.

Meantime where is the money going to come from to pay off this debt interest? Perhaps windfall oil profits?

I pulled the trigger with buys on Tuesday and Wednesday, I have always kept a large cash position for such a day. Since I felt like vomiting I thought I should do the opposite of what I wanted to do. Sitting up 9% for the week and still 85% loaded. Many energy shares are way off of recent highs, if we are moving away from a financial crises maybe the market will start thinking about Winter and energy.
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