The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: James Hutton who wrote (160075)	10/25/2008 6:02:43 PM
From: Tommaso	Read Replies (1) of 306849

It might happen. But the incredible amounts of money and credit being created by the Fed and the Treasury make it very risky to bet in either direction. That's why I got out of all my bear funds. One way to take advantage of the ridiculous spike in the value of the dollar, especially against the Canadian dollar, is to buy Canadian energy and mining stocks. When I look at some of these I feel like a leprechaun really did guide me to the end of the rainbow. I am going to switch my gold bullion stocks (GLD for example) into . . . Well, I'll tell when I have done it. As I have posted elsewhere, a week ago I did double my position in Canadian Oil Sands Trust. Even if they cut their dividend (a 20% yield at the price I bought) it will surely be raised back when the price of oil recovers. I think the general market in equities ought to be avoided for a long time to come. There's going to be very serious loss of value of paper money and the only way to stop it is to raise interest rates or do something even more drastic. And that will keep equities embalmed for a long time. Well that's my take tonight. Nobody needs to agree.

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