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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (436249)	11/22/2008 2:25:20 PM
From: tejek	Respond to of 1573908

My WAG is, Ted, that we're in an economic clusterfuck outside the experience of any living person. So, I don't know how it's going to play out, the economic pundits don't know and the economic theorists don't know. Agreed. I'm betting that anyone that saying, this past economic time went like THIS, so now we can expect THAT, is wrong. So, I'm trying to make money, but my main goal is just to preserve the capital that I've already built up. So far, I've done both, which is more than many very highly compensated Wall Street gurus have done. My goal is to preserve capital as well.....that's why I am keeping an open mind to any possibility. You are to be commended.......you have done a better job of preserving your capital than I have. I took too long getting on the short side. Right now, I'm expecting at LEAST a severe recession that will last for years - but, like I said, I don't know anything. I expect a lot of attempts to turn sentiment with happy talk articles in the press, while unemployment climbs to double digits and venerated companies that have existed longer than we have go belly up. You may be right but I think in this environment its best not to have expectations but to be ready for the worse or something less than that. Right now, I will play the short side or stay on the sidelines but will remain open to long possibilities like F or MDR where things may have gotten too negative IMO. The important thing to remember IMO is cash is king. That's the master I will be serving.