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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (65806)	6/12/2006 10:22:55 PM
From: ridingycurve	Read Replies (1) \| Respond to of 206092

At current yields money markets offer a reasonable alternative to stocks, IMO. I've been 97% cash for several weeks, and feel no urge to jump back in the markets. If stocks run off to upside and leave me behind, so be it. Edit: The most important lesson I've learned from dabum is to focus on risk and not reward.

To: energyplay who wrote (65806)	6/12/2006 10:30:59 PM
From: whitepine	Respond to of 206092

EP, Of course, we are all guessing. Still, if the picture and prospective market reactions are not compelling, why assume the risk? I looked at several graphs over the weekend....looked at support levels during the last year....and simply concluded the risks of heading lower were much greater than I had previous assumed. Aside from conventional metrics and wisdom, one must consider exogenous events, hedge funds, Refco events, etc. We will be the last to know. BoJ seems bent on tightening. Fed is looking for credibility; RE in many areas is very weak.....SO, even if the PPI and CPI are relatively low tomorrow/Wed., I still think inflation will not go away in 1-2 months. Prices are sticky in an upward manner. Not only UAW wages, but airlines, etc., so once announced or granted, wages rarely or only slowly retreat. Same with store prices for many consumer products. IMO, it is not a question of fear or angst. Rather, if conditions are unfavorable and there is no edge, why bother? No point in losing money when one doesn't have to. wp