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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (70844)	11/3/2007 11:22:27 AM
From: dave9	Read Replies (2) \| Respond to of 116555

"removing people and institutions between you and your assets"??? "those who remained in Germany saved a great deal of their fortunes by certifying their investment shares in international companies, then burning the paper certificates." ??? "Swiss and Canadian dollar Federal T bills." A bit extreme? Besides, every one knows that Japanese and German debt would be better to hold than Canadian.

To: Chispas who wrote (70844)	11/3/2007 1:18:23 PM
From: westpacific	Respond to of 116555

Sinclair, gold bug, gold letter writer.....has an objective. Bill Miller, contrarian stratigest.....has an objective. The contrarian strategy Miller outlined yesterday has worked in his favor in the past. For example, AES Corp., one of the largest energy producers and the No. 2 holding in Value Trust, was trading at less than $1 per share in 2002. Today, it is up 20 times over its 2002 lows, Miller noted. But it's too early to say whether beleaguered housing and financial stocks will follow a similar pattern, as Miller predicts. The subprime loan crisis has produced billions of dollars in losses for major lenders and shows little sign of abating. Financial stocks were the biggest losers in the market yesterday, with Merrill Lynch & Co. and JPMorgan Chase & Co. leading the way. JPMorgan, Miller's sixth-largest holding, fell $1.17, or 2.6 percent, to $43.15 in trading yesterday, while shares of Citigroup Inc., his 15th-largest holding, fell 2 percent to $37.73. (Overall, U.S. market indexes were up yesterday, but less than 1 percent.) Miller said in September that he was retooling the fund to include more large U.S. companies, which he said are a better value right now relative to the rest of the market. In yesterday's letter, he said he would sell off some of his top 10 holdings to free up cash to diversify the portfolio. Miller has historically held fewer stocks in his fund relative to others in the market. "He's often been a contrarian investor," said Greg Carlson, a fund analyst with Morningstar Inc. "In some cases, he bought too early, such as housing stocks. But he believes they're significantly undervalued now." Miller began investing in housing-related stocks more than a year ago, when valuations were high. Among them was Countrywide Financial Corp., a mortgage lender that has seen its shares fall 66 percent this year. He also placed bets on builders Pulte Homes and KB Home - both of which have seen business fall off with the housing slump. In his letter, Miller noted that recent big swings in Countrywide's share price have been driven by emotion, rather than sound analysis of the company's long-term business value. He values its shares in the $40 range, compared with yesterday's close of $14.35, down 8 cents. ---- Your going to hear lots of talk, everyone has an objective....shut it out and trust only one thing. The chart. Is Sinclair right, is Miller right - who knows. What I am saying is forget the hype writers. There will be so much chatter as this market moves, most have an agenda to make money in their selective investments (pumping what they hold). Notice both Miller and Sinclair are pumping what they hold! For years I get letters from all sorts of investment types, all have an objective, my money. What is right is diversification and no debt. AND TRUSTING THE CHART....... West

To: Chispas who wrote (70844)	11/3/2007 7:49:29 PM
From: NOW	Respond to of 116555

anyone have any recs for safer brokers?