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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: reno4 who wrote (45759)	12/2/2011 8:00:24 AM
From: J Mako	Read Replies (1) \| Respond to of 78673

Good read, thanks reno. If history is a guide... mpettis.com "There is in my opinion a very high probability that within weeks, or months at most, Greece will be forced to freeze bank deposits as a prelude to leaving the euro. Mexico in 1994 and Argentina in 2001 chose the Christmas/New Year holiday season to announce their devaluations. Will Greece follow suit?" Btw, any thoughts/ideas on how to profit from a multi-years global melt down? Buy gold? Short S&P? Buy stocks of gold miners?

To: reno4 who wrote (45759)	12/2/2011 1:28:38 PM
From: Paul Senior	3 Recommendations Read Replies (3) \| Respond to of 78673

So here's a guy who's worried about the large debt of countries, and who's seeing a crisis or breaking point. And previously, when he foresaw the housing crisis, he apparently successfully bet, and bet large, on that happening. So what is worth following him into now, based on his recent buys? gurufocus.com Nothing that I see that would relate to this debt crisis. World as we know it may be coming to serous danger point, so one of his twelve positions is now in something like Six Flags? And something called API Technologies, that hasn't shown a profit in five years? (Otoh, Six Flags has moved up to new high, ATNY has some recent insider buying. So maybe he's at least making profits from his buys.) (Aside: I see IMTN as one of his buys, and I'll look at a little closer. Seems like it's selling below cash now.) Here's my point: Regarding "It's really scary because he's been right so far." On the contrary, I find it comforting. Because what he actually concludes after all the pages of macro argument is this: "Be mindful that we are not talking about the end of the world as we know it: we are simply saying it will be a different a slightly more difficult place to live for those of us in the developed and indebted West. We will all wake up in the days, weeks and months afterward and go to work, continue to invest, and live our lives". And that is what he is doing now. Namely he is buying stocks he believes are undervalued or otherwise have a special situation about them. ========================== As moderator, I do want to reiterate: this is a value thread. About finding and identifying value stocks. It is not a thread about reacting to possible macro events by short selling, purchasing gold, buying leverage etfs, buying farmland, buying canned food, buying guns, moving to China, or any other such stuff that's not value stock related.