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To: grusum who wrote (61940)10/26/2008 4:09:32 PM
From: LLCF1 Recommendation  Read Replies (1) | Respond to of 78409
 
No, hadn't seen it... although for him to say that chart is bullish for the dollar AFTER a 50% move seems a bit lame.

Correct me if I'm wrong, but didn't everyone know this economic bust was coming, it was a matter of how badly PM's would get hurt, and if it was worth being out presuming the answer to the downturn would be printing money like nutz right???

So this guy is saying sell now?? Buy dollar now?!?

Putz to me. BWDFDIK

DAK



To: grusum who wrote (61940)10/26/2008 10:55:46 PM
From: Valuepro  Read Replies (1) | Respond to of 78409
 
Below, one of many opposing opinions...

kitco.com



To: grusum who wrote (61940)10/26/2008 11:04:37 PM
From: Proud Deplorable  Respond to of 78409
 
Betcha by Friday the USD will back down a lot. Those of us in other countries who have sat back and watched the USA destroy the worlds financial system are never going to let it regain reserve status again. The USD is not the worlds reserve currency, it cannot be, the country is bankrupt. Maybe the writer doesn't know what bankrupt looks like.

Here's what happens to writers like him and those who follow that crap advice. You know who Bill Cara is? If you don't let me know and I'll be happy to tell you.

Well last month Bill called a bottom in the markets and since then has led tens of thousands of his readers into financial ruin.

Here is one comment from his thread and I would suggest that people read the whole thread to realize the damage he has done and by his intolerance of dissenting opinions

"He has one point though. Bill's call back in September caused a lot of harm to trusting and unskilled investors, who gravitated to this blog seeing Bill as anti-financial establishment person and defender of people screwed by big finance.

Furthermore, Bill encouraged more knife catching along the way.


I believe that Bill should have realized his mistake early on and reevaluated his position. From a grim macroeconomic picture, this is not another 1987 and Bill's 1987 game does not play well. From what I can see now, this is more like the 1929 play that wiped out all the people who tried to catch a bottom and concentrated wealth in very few smart players who waited for assets to turn into ashes."

billcara.com

Start of this thread ...the "Wizard" is supposed to be Bill Cara
billcara.com