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


To: Riskmgmt who wrote (41897)10/27/2008 5:54:06 PM
From: TobagoJack1 Recommendation  Read Replies (3) | Respond to of 217657
 
did an important trade Message 25114218

then got caught up on the news flow

ice coffee and adrenalin, sense time to rise to the opportunity, by and by

while very excited, but

went through portfolio to mark to market on real estate, just for the heck of it, to see what would happen should i really wish to unload today on everything as many in hk must soon enough do or die

my result is theoretically tolerable

that cash mountain sure is nice

and that cash mountain includes gold

but if one actually must live through 8 years of the dark interregnum, and especially if accompanied by japan-style zirp policy, the living would be uncomfortable, as monetary inflation dilutes cash, tepid stock and real estate markets provide no protection against dilution, and one has to spend down nominal cash

conclusion, babyboomers without savings (as opposed to tanking investments) competing against new job mkt entrants, and rewarded by ever longer hours of toil, and imploded 401k, and at negative cash flow on 'investment properties' and leveraged, are victims #1 through millions

prc banks are fine.
hkg banks may not be so fine.
all govts will guarantee all deposits when push comes to shove, but will pilfer from same accounts even as they 'guarantee' them

i am staring at my gold ledger, and note that against everything else except for the dollar, they did absolutely fine, and between the dollar and gold, before, now, and going forward, i take gold, by and by

my thoughts on yen, its rise will be short lived

the issue to me is not how to scale into yen, but how best to ease over to still more gold

also born before 2008 :0)



To: Riskmgmt who wrote (41897)10/27/2008 6:04:40 PM
From: TobagoJack  Read Replies (1) | Respond to of 217657
 
must note, there sure isn't much of a bounce anywhere on anything

just sell, relentless sell, merciless sell, mindless sell, terrified sell, vomiting sell, forsaken and dial 1.800.get.me.out sell, but sell, and

the only stuff truly liquid are the mega caps, such as they were, and are a lot less mega, like 50+% less, and the currencies, and ... of course gold, and of the lot, gold is very liquid, as it was ordained to be

a guess, the sellers are already financially dead, or will soon be, for they are rushing towards false salvation, thinking cash is a null position

so, yes, i am excited, very excited, more excited than i have ever been, but also terrified, and more terrified than i remember for as long as i can remember

people are dropping financially dead, figuratively speaking, all, as in reality, here yesterday and all of a sudden, revealed today to be dead man walking

compared to what is happening, the murdering and maiming red guards of cultural revolution mao who cemented professors in corner of bathrooms were pussy cats in comparison