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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?


To: Italian Investor who wrote (920)9/12/2011 2:59:42 AM
From: refugee investor  Read Replies (1) | Respond to of 1366
 
Look forward to hearing it. Poor Bruce, I wonder if he is selling stuff for redemptions yet?

I am cautious because I don't think the European crisis has played out yet, and I think it could drive the US markets and bank stocks down further. I have been tempted to do some very st trading, buy on the horrible days and sell when there is improvement, I have thought about it on three occasions and I wish I had done something because it would have worked out, but pure speculation of course. Also I need to keep more cash on hand than I used to.

I saw a comment this morning in the FT from Jamie Dimon that indicates that Japanese banks, among others, will benefit from the US regulatory changes.

In his office, looking relaxed in white shirt with two buttons undone, Mr Dimon is still exercised about what he sees as a “miscarriage of justice”. US policymakers, he says, have sold their banks down the river – the Yangtze river. “There are plenty of countries out there that are happy with the changes being implemented in the US. They realise that they can be huge beneficiaries of this. I’m talking about China, India, Singapore, Japan. I wouldn’t want to see, 20 years from now, the US asking, ‘what happened? How come the winners in the marketplace are all outside the US?’”