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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: tyc:> who wrote (19699)9/8/2003 2:22:19 PM
From: LLCF  Respond to of 39344
 
<assertion that holding cash is safer>

Time will tell... IMHO, in a global environment... holding overvalued stocks in an overvalued currency is probably the worst thing to hold, although I agree that a currency correction will make the equities 'less' overvalued, and at some point perhaps even 'undervalued'... a 50% correction in the dollar should help :) OTOH, if earnings don't perk up, the PE's will still be the same.... ie. overvalued.

In any case it sounds like we agree that holding Canadian CD's or government notes probably beats any US investments.

dAK