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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (25334)	11/17/2007 9:19:14 AM
From: carranza2	Read Replies (4) \| Respond to of 217541

We were walking the same road yesterday, Jay. I put cash into Yen, SKF, commodities via DBC and DBA, in that order. Sold some gold to take profits and ditto a tiny slice of Sonus Networks, in which I have an outsized position. Sold MRO position at a so-so profit and trimmed VLO and SU. Kept Peabody untouched. Maintaining BQI position which should get a very nice pop when Norwest further confirms the geology and lets then world know that, no, the bitumen doesn't stop at the Alberta border. And you, you rascal, you have Sask. completely moated and encircled via BQI and Petrobank. Disgusting. The thinking is thus: Yen is finally appropriate as ultraprudent safe harbor. Might even as a finishing touch put some cash into the Swiss Franc ETF to get a bit of indirect exposure to gold as well as further insurance. Financials, well, I don't think even Fed megamanipulation will save them. FASB 157 went into place essentially unchanged so the writedowns will now come serially, like hurricanes out of Africa in August. The leveraging effects on the ability to loan caused by capital account reduction is serious business, as noted by GS, which is probably shorting its own shares. And as far as investment banks, how do you think they will be received outside of the US? I fail to see how financials will do well. We all know how Jimmy Rogers feels about commodities. Don Coxe, too, needs to be read in this regard. Long but incisive: beearly.com So I added to my DBA and DBC positions. Kept coal at present levels. I am concerned that notable Dow Theorists are beginning to see the tip of a bull's horns in the failure of the Dow Industrials to re-visit the August 16 DJ Industrials low at a time when the Transport index re-visited its low. Dow Theory is interesting but I wonder if it its essential predicate - that market movements can be predicted by observing these two indices - is still in place now that a lot of value is not necessarily transported in the same way industrial production was transported when Dow confected his Theory. Wealth and production now move as information moves, i.e., electronically, not so much in boxcars, so I question DT's relevance. Plus, a lot miniaturization has taken place, and goods are therefore smaller, requiring less transportation expense. By no means do I discount it, but I keep a wary eye on it, like I do on all things. Very interesting scary difficult days ahead of us. Yesterday was a day in which I did some major PF reshuffling in preparation for the damage a recession will do to most share positions. I thinkhopepray that putting assets in the described positions will at a minimum keep me from violating Rule Number One of investing: "Don't lose money." I think this Golden Rule will be violated severely by many otherwise wise people in the very near future. I feel I am now comfortably strapped in, full Kevlar armor in place, armed to the teeth yet gambling on a sure thing, SKF. Bring it on.

To: TobagoJack who wrote (25334)	11/17/2007 10:14:16 AM
From: elmatador	Respond to of 217541

Member states should express concern over "the continued depreciation of the US dollar" 16/11/2007 17:07 RIYADH, Nov 16 (AFP) Iran wants dollar fears in OPEC declaration Iran said Friday that the final declaration of this weekend's OPEC summit here should express concern by member states over the fall of the US dollar. Member states should express concern over "the continued depreciation of the US dollar" in the final declaration, Iran's Foreign Minister Manouchehr Mottaki said in a written proposal. Venezuelan Energy Minister Rafael Ramirez supported the move, while Saudi Arabia said this could accelerate the fall of the weak US currency.

To: TobagoJack who wrote (25334)	11/17/2007 1:34:30 PM
From: Crimson Ghost	Respond to of 217541

The Dollar's Decline: From Symbol Of Hegemony To Shunned Currency By Andy McSmith countercurrents.org

To: TobagoJack who wrote (25334)	11/19/2007 8:49:24 AM
From: carranza2	Read Replies (2) \| Respond to of 217541

Here we go, nice way to start the day if one is shorting financials via SKF: LONDON -- Citigroup Inc. stock was downgraded to "sell" from a "neutral" rating by Goldman Sachs Group Inc. Monday, with the brokerage estimating the group will incur $15 billion in write-downs on collateralized debt obligations over the next two quarters.

To: TobagoJack who wrote (25334)	11/23/2007 11:59:14 PM
From: pezz	Read Replies (5) \| Respond to of 217541

Well since ya got all those parts down pat ya shoulda built it your self....easy enuff ya just plug'em in....Maybe more powerful but i still say not as cool as my I-Mac. I see all your stuff is up ...bravo! ....mine all down 8^( Man is that kid only 37 mos old? I thought she would be startin college by now &^). Ok gotta get back to tryin to squeeze 42" TV an 3 computers ,fishin stuff an assorted livin gear into my jeep for the trip south tomorrow morn.