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Non-Tech : Bill Wexler's Trading Cabana
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To: RockyBalboa who wrote (4332)10/8/2008 3:06:56 AM
From: Bill Wexler1 Recommendation  Read Replies (2) of 6370
 
Quite a firestorm. Panic everywhere. Philosophically, I look at it like this:

1) If the world really is coming to an end, then no matter what I do with my investments it won't make any difference...so it's useless to worry about it.

2) If the world is not coming to an end, then this very big crisis will have a resolution someday, and some of the assets/equities/commodities being thrown away here will become very valuable.

I tend to lean more towards #2.

I think that the painful process towards a resolution will result in MUCH higher gold prices.

I think that after the resolution, the best performing equities markets will be in Asia, most notably China.

The dilemma: economic upheavals and panics can take a stock you considered an unbelievable bargain at $3 ...down to 30 cents...before the long march back up to $50 some years down the road.
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