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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (8568)	6/9/2008 7:21:07 AM
From: ggersh	Read Replies (1) \| Respond to of 71409

What about now...LEH blew it out of the water.......nobody knows what on anyones book....

To: re3 who wrote (8568)	6/9/2008 7:31:43 AM
From: Real Man	Read Replies (1) \| Respond to of 71409

LOL! I am not worried about stocks, cause I'm not in them -g-. I'll start buying F today. I'm not sure if it ever sees 5 again... US automakers are in deep trouble, and are very cheap as a result. F currently makes the best cars of Detroit 3. I would not buy Chrysler, but then again.... I can't ... <GGG> Me buying stuff is long term rotation within a BEAR MARKET. Yes, we are 8 years into one. Buying in portions, averaging in, cause I have no clue how low F and GM will go. Maybe zero <G> Earnings, of course, suck. Rather, it's value of the businesses themselves than earnings at this point. Pretty much all gold companies had no earnings in 1999-2000. I believe F is very cheap at 14B, and GM is very cheap at 9B. Chrysler may go broke - they make the worst cars of the big 3 at this point. That just means they switch owners <G> High oil is hurting Detroit, as they were gambling on trucks and now have to sell those for nothing. That will change. Compare to Nissan in 1998-99, as small car sales plunged due to low oil. Somehow I don't think oil is going to infinity - high gas prices will pop oil this Summer, maybe July, maybe earlier. As soon as the World goes into recession, we may even see oil back to 50. But then again... this stuff depends... <G> I think this high oil stuff may end with Shrub's presidency, unless of course... McCain -ggg- We should see an anti-globalization trend emerging soon - manufacturing coming back to the US due to lower dollar.