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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (133465)10/7/2008 10:35:25 PM
From: re3  Read Replies (3) | Respond to of 314064
 
Maybe that money will come back to some degree and soon.

Just when you think the direction is clear one way, it can go the other.

Maybe not the go-go high flyer market that you've thrived on, but a recognition of some value among some more senior resource stocks among the rubble.



To: Rocket Red who wrote (133465)10/7/2008 10:38:35 PM
From: Rarebird  Read Replies (1) | Respond to of 314064
 
The eye of the credit storm is happening right now.

Listen carefully to a Pro:

"As I wrote during the 2000-2002 bear market, at meaningful market lows, "the tenor of news reports has always been something to the effect that 'conditions are bad, expected to get worse, and there is no end in sight.' When the news reports are uncontroversial in reporting that the U.S. is in recession, when they suggest that there is worse news ahead, and when they indicate that nothing seems to be helping, that is when the market is more likely to register its low."

My assertion is not that we are necessarily at such a low yet, but the present sentiment of panic is typically one that presents useful opportunities for gradually scaling into market exposure, as uncomfortable as it might feel over the short term. This is what good investors get paid to do - not always immediately, but over time."

hussmanfunds.com

I'm under no illusions here. I've been calling the US stock market a secular bear for the last decade. But the time is coming shortly for a powerful intermediate term advance, led by the Gold Miners. I'm by no means calling for the beginning of a new bull market. I just think the best way to play this advance is to buy the Miners.