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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (70638)	10/23/2008 1:04:36 AM
From: Snowshoe	1 Recommendation Read Replies (1) \| Respond to of 74559

SRS finally got back to parity with SKF. Too bad I gave up and unloaded it a couple weeks ago. :-( finance.yahoo.com Closing values 10/22/2008: SKF 148.30 SRS 152.39 Aside from a nasty paper loss on gold and energy shares, I'm doing well with a large cash position, no debt, and fairly reliable pension. Looks like my DTTFTY call (Dow Ten Thousand For Ten Years) is coming true, maybe setting us up for the final heartbreak starting next year. Time will tell... DSTFSY - Dow Seven Thousand, For Seven Years

To: TobagoJack who wrote (70638)	10/23/2008 1:51:42 AM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 74559

Until the last little crunch down by QCOM to near $34, I had a net gain of about 20% for the year as measured in NZ$, my home purchasing method. As you have always said, losing least is a great outcome. It must be down to about even, which I'm happy with. Timing the move from cash to something better is going to be tricky and gold is perhaps now cheap enough to fit the bill. I must admit. Gold is only up double [plus a bit] from several years ago in US$. I am not very confident that an imploding cascading collapse is avoidable once politicians and electorates start going crazy with ideas to "save" things. Already, gloating claims that "capitalism was tried and found wanting" are dominant. Which means that people think something better is a good idea. Which means they will destroy what's left. They presumably think the USSR method and Maoistic mania would be a good way to run things now. 6 billion large primates in a globalized real-time financial relativity theory experiment, never before tried. A one-way test of combined human brain-power. With 98.5% chimpanzee DNA we are not likely to do brilliantly. Yes, there have been fiat funds exploded before, but never so en masse, when most people live in cities with no visible means of support. Mostly such times were during largely agrarian ways of life, with global trade a far smaller proportion of economic activity. Gung Ho, Mqurice