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

To: TobagoJack who wrote (82664)	11/3/2011 12:44:13 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 220208

Not the end of the world. In fact, looking quite nice with Qualcomm up 7% because every man and his dog wants an iPhone to deliver mobile Cyberspace and a Macbook Air to keep them connected or an HTC Desire to satisfy their lust for DeVices. They can afford them because 30 year mortgages are at all time lows so when they do reflexology the money does not go to a few wealthy creditors and taxation [on interest payments] but to buying DeVices. The end of the world will have to wait for another day [do not hold breath]. Oh, forgot to check gold. BRB. GLD up 1% = "might as well be safe with gold as going nowhere lending money at all-time low 30 year mortgage rates". When interest rates start rising, it's going to be interesting [with tax on that interest but still more interesting than GLD]. Now zizzo... Mqurice

To: TobagoJack who wrote (82664)	11/3/2011 12:45:34 PM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 220208

I think the Greek drama will play out over the next couple of months, with the EU undergoing severe systemic stress as a result. It will not survive in its present form. All the fools will finally figure out that a loose confederation of states cannot have the same currency. Any effort to impose such a regime from the top is bound to fail because a currency is the reflection of a people, i.e., profligate wastrels are not entitled to a strong currency and vice versa. Since the EU has wastrels and workers within it, there cannot be a common currency.....absolutely impossible. The only remedy the wastrel countries have is to formally devalue, get rid of debt as it is the source of the problems (national character and virtue aside). Iceland is the perfect example. It went to the doctor, got rid of the festering wound drastically, and is recuperating. Everyone else has consulted 13 specialists, gotten 14 opinions, and has walked away in shock from the one MD who will prescribe the Icelandic remedy. Unfortunately, this means that the USD will get stronger. Gold may suffer in the short term. However, neither the USD or the Yen are any better than the Euro, so we will have ample opportunity to play, pray and prey as currencies wiggle about. Gold will do spectacularly because there will be a complete European re-set within the next year or so as European banks get well and truly hammered. But first there will be USD strength as a flight to safety takes place when la merde hits le ventilateur.