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


To: TobagoJack who wrote (33217)4/16/2008 11:17:51 AM
From: carranza2  Read Replies (1) | Respond to of 217699
 
Hi, Jay.

Buying gold and Swissie today. Edit: And a tad of SRS.

I was concerned that gold was going to tank, but it has shown enormous strength,so I am adding as I think it will go higher sooner rather than later. Don't care if it doesn't as the position is core and long term.

MZM has grown enormously in the last couple of months and gold will follow, inexorably, as statistically established to near 90% positive correlation by quants mathematically smarter than me.

Have you seen this? Goldman calling stock longs 'delusional.'

telegraph.co.uk

A sample of what GS stated:

David Kostin, the chief US investment guru for Goldman Sachs, expects the S&P 500 index of Wall Street equities to plummet a further 15pc over the "near term" as companies scramble to lower their outlook for this year.

"Although only a few firms have reported first quarter results, early signs are awful. We expect a swath of lowered profit guidance," he said in a research note published today, entitled 'Fasten Seatbelts'.


Not much of a buzz around that tidbit of information, but it deserves to be noticed.

Investors of course have sent the markets higher.

Some people appear to enjoy a good fleecing.