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Strategies & Market Trends : Ride the Tiger with CD

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To: rubbersoul who wrote (131283)	9/21/2008 9:56:54 AM
From: WalterWhite	5 Recommendations Read Replies (1) of 313170

RS - i think this latest bailout, is the final straw for foreign governments and sovereign wealth funds. The Titanic has been torpedoed, Gilligan is the skipper, the engine is running on fumes, life saving gear was skimped-on because of costs overruns, and sub-standard steel was used for the hull. Ice packs loom, and to make matters worse, dessert today was prepared with tainted milk from China - everyone on board has the trots. Chinese and American systems of governance is converging. Not all is that dire for the greenback, only because all balance sheets and economic activity are tied to the dollar behaving well. My guess is we get a few more days of volatility, until the "plan" details are known, then hopefully a little more calm. Gold up another $200 or so in the next month, followed by a more measured upward trend. My 2 cents - in US currency - so take that for what it is :) Globe

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