Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mishedlo who wrote (85356)	9/17/2008 2:14:14 AM
From: bullbud	Read Replies (2) \| Respond to of 116555

mish- Gold has been rising WITH the dollar this week. What could be more bullish? It's saying "F U" to the dollar as if it knows it's so overbought, it's, as the Duke would say "regoddamndiculous." If you cut out the BS and look at ONLY the charts, gold is bullish right now. The charts don't care what any of us think. They always reflect the truth. Oil is still weak, but recent trends tell us that Gold leads oil. Gold lead it down, and is possibly leading it back up.

To: mishedlo who wrote (85356)	9/17/2008 10:59:04 AM
From: philv	Respond to of 116555

I wonder how Buffet is doing these days. "Last week, AIG recorded the worst quarterly results in its history, dating back to 1919. This firm, which I believe is the best, most diversified insurance company in the world, explained huge derivative loses in its quarterly earnings release this way: "Included in both the full year and fourth quarter 2007 net income (loss) and adjusted net income (loss) were charges of approximately $11.47 billion pretax ($7.46 billion after tax) and $11.12 billion pretax ($7.23 billion after tax), respectively, for a net unrealized market valuation loss related to the AIG Financial Products Corp. (AIGFP) super senior credit default swap portfolio. AIG continues to believe that the unrealized market valuation losses on this super senior credit default swap portfolio are not indicative of the losses AIGFP may realize over time." Financial firms are writing down everything in sight. And I would be surprised if much of this write down didn't end up boosting earnings in future years. These write downs are not cash loses, because in many cases the firms are continuing to hold the bonds, contracts and other financial instruments. Many of the instruments are valued far below the cash stream they continue to provide. Investors who can think like Buffett, and are not scared witless by the financial lightweights who write the business sections of most daily newspapers, will make a bundle." That was Buffet's letter to shareholders, 2007. special-guests.com