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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Archie Meeties who wrote (156961)9/13/2011 4:55:09 PM
From: Kayaker  Read Replies (1) of 206085
 
Archie & Bob,

All good questions. I have no answers; just more questions. I doubt a Greek default will be the bottom. Will it cause a crisis for the European banks? How about US and Canadian banks? And US Money Market Funds with almost half their dollars across the pond? Will it be over in a few days or be ongoing like the US bank crisis? Are the US, Europe, and Canada entering a recession? How much speculative money is there in oil? Like 2008, I suspect a lot. Who thought WTI would go from $147 to $35? Not me. All I see is the likelihood of cheaper stock prices somewhere down the road and hope I have enough patience to wait for it.
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