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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (8580)	3/20/2008 2:50:52 PM
From: Wayne Campbell	Respond to of 50710

I like to keep it simple Wasn't it Jimmy Rogers who said...I don't make trades...I just hang around and when I see a pile of cash sitting in the corner, I go pick it up Bull markets all start of the same way....as a perception that putting any money into something would be foolish. The DOW bull was very easy to predict...equities had a lot of bad karma for an extended period of time. Gold (metals) bull even easier to predict with gold bouncing along at 265-280 for months, years, way below reasonable cost of production. Mining was a twilight industry. Mining companies with excellent projects suddenly entered the dot com mania and furniture businesses. Remember oil at $10 dollars and going lower..world is "awash" in oil. No need to pick the eyes out of any of these trends, unless you feel the need to play around. Just live your life and wait for opportunities to present themselves No need to make it harder than it is. These are things a 15 year old can understand, and simply in the course of reading a newspaper everyday will recognize maybe 5 or 6 megatrend opportunities over a life time. They can have a life and simple dabble in the markets every third Sunday a month and make as much or more than 95% of the SI addicts around here. They never have to understand carry-trades, watch CNBC or understand the FOREX market. I like to takke profits when things get silly and the crowds move in..move to a quieter neighborhood...always value to be found. I run across good mining plays during my work, and I count this trading as my timewaster hobby. DOW 2500 to 13,000 GOLD 260 to 1000 OIL 10 to 100 These megatrends will end but we've caught probably the best parts of these moves... could be many years yet, but has the big easy money been made...I think so....is there more risk now...I know so I'm looking/waiting for the next dying BEAR And I don't want burn my eyeballs out on my computer in the meantime. And thats all I have to say about that wc