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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (120364)	5/3/2009 7:59:30 PM
From: tom pope	Read Replies (1) \| Respond to of 206146

It does no good to beard such people - their answer will always be the same - just wait. A bit like Alan Abelson who was bearish through the great 90's run. He finally got to be the stopped clock that's right twice a day. Also like the superbulls, to the moon, Dow 30k here we come. They're a bit more subdued these days, but they'll be back.

To: kidl who wrote (120364)	5/4/2009 8:14:33 AM
From: chowder	2 Recommendations Respond to of 206146

I've got to give due where due is due. Andeveron had this to say back in November 2007: >>> My parents go back to China and Hong Kong every few years. They went this past summer and the anecdotal evidence for a market top in Shanghai and Hong Kong is glaring. I don't doubt that China will grow 50X from where they are now within the next decade or two but when household maids and convenience store clerks quit their jobs to daytrade, the top is essentially in or close. The newspapers in China and Hong Kong are full of stock market stories including tales of students who daytrade to earn spending money instead of working at part time jobs, tips on which stocks are likely to treble in value, and focus stories on hot stocks. Stock mania has a face and it is China. Most recently, it was the USA in 2000 before the dot-com crash. Shanghai swung from 1800 earlier this year to 6000 as of last week before the slide. That's a supersonic trebling of value and it won't last. I expect a massive sell-off within the next 12 months that'll destroy a lot of wealth but it's inevitable. However, the buy-in after the impending China crash will be the best investment in our lifetimes because that will be when the long term advance begins and should sustain itself for at least a decade. <<< Message 24056216 Looked spot on to me!