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Politics : Welcome to Slider's Dugout
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To: Mike M2 who wrote (13562)11/20/2008 11:50:40 PM
From: Mickey D3 Recommendations  Read Replies (2) of 50509
 
I have been following Peter Schiff for a couple of years. He has nailed this down fall. It is well documented in his books, website and every time he opens his mouth. He advocates buying and holding dividend paying foreign stocks and resource stocks for the long term. Each week on his call, he has to convince his customers not to worry about being down 50-60% and stay focused on the long term.

Roubini is another one who has nailed the collapse. He says that he is a long term investor and has all of his money in index funds.

My question is what difference does it make being right unless if you can't convert it into bucks? I find myself listening less and less to these guys. I know it is bad and I know that it is probably going to get worse.
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