Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (4681)	12/17/2008 7:03:40 PM
From: Bill Wexler	2 Recommendations Read Replies (3) \| Respond to of 6370

No, the exact opposite would apply here. You simply can't buy U.S. equities across the board. Not yet. We are descending the "slope of hope" (with the usual intermittent, powerful, countertrend rallies every now and then. I try my luck, roll the dice, and sometimes jump in and out to see if I can catch the waves, but my macro thesis has not changed.) I think the dollar is in serious trouble. I think that what all the pundits are describing as "deflation" is a temporary phenomenon. I think that the entire U.S. economy must be restructured in a big, big way - and I'm not talking about throwing money at poorly thought-out "infrastructure" projects like Obama wants to do, I mean we need to revamp the banking system (both commercial and investment), revamp the credit markets, and - most importantly - start manufacturing and exporting lots of stuff again (you know...real work, as opposed to real-estate agent or mortgage broker or daytrader). Watch an episode of "The Real Housewives of Orange County". I think that show exemplifies and personifies everything that's wrong with this economy (i.e. nouveau-riche wannabes spending hot-air money derived from FIRE economy "jobs" on ostentatious crap they don't need). Now imagine the opposite of that. Once we are moving firmly in that direction, then I think you can really start plowing a lot of money into U.S. Stocks.