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


To: TobagoJack who wrote (40384)9/25/2008 4:06:09 PM
From: pogohere  Read Replies (1) | Respond to of 218145
 
There are going to be some melt ups, but playing that is a high wire act. Because of the unprecedented nature of the turmoil, some gamers and traders will do very well. I am not able to anticipate the twists and turns and so I'm sticking with gold, silver, energy and a few March index puts.

I believe all currencies will decline against gold--it's the season for that--and energy production, such as at Cantarell are declining while domestic use in producer countries is rising for transport and e.g., desalinization projects. Added North Sea oil projects such as SE.V, IAE.V, END as well as PFE.v (Cal + Alaska). I'm pretty heavily into silver, physical as well as equities. Bought some BCM recently.

Cheers



To: TobagoJack who wrote (40384)9/25/2008 7:49:04 PM
From: Rolla Coasta1 Recommendation  Read Replies (1) | Respond to of 218145
 
Marc Faber suggests burning houses in the US so there's no oversupply issue. Well, civil war will do it.

Same for China which will have a hard landing and ...

hey TJ, HK is not too far away :0) ... Let's burn your properties !



To: TobagoJack who wrote (40384)9/25/2008 8:31:15 PM
From: prosperous  Read Replies (1) | Respond to of 218145
 
Its border line funny the whole charade with banning short sales of specific stocks (and keeping the list growing each day in the hope that markets will maintain value, whoever thinks this will work is a moron).
By adding to list of banned shorts the SEC is encouraging participants to short broader indexes which are shortable and will drive people to doing more of that (guess now it starts affecting the whole market, and banning shorting of broader indices is tantamount to admitting a very huge problem and no other solution, which the SEC will eventually may try as a last resort). If the fundamentals are screwed up, the market will go down one way or the other; be it by selling long positions, by selling short, or by finding alternatives to selling short or whatever it takes until the perceived value entices long term buyers (a point we are still far away). Looks like they are trying to light up the fire-cracker chain of hedge funds and the rumor is that the light and sound effects will stir shock and awe :-)