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

To: refugee investor who wrote (1116)	7/12/2012 3:52:01 PM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

I will let you know if it gets there on imperial I got my fingers crossed it doesn’t because you are my buddy so I hope I am wrong! That add more when it goes lower would stink if everything else is lower when it happens. Like Faber said massive wealth destruction is happening and will continue for a while. I here you on solid companies blowing up also if we are really in depression like times we just might see a few not many survived those times. Looking @ the Bob R heat map it is much worse globally than even back then so I don’t doubt anything. Buffet was on CNBC today seems bearish as I ever saw him in the last few years. Gross said yesterday that he expects the unemployment rate to be higher next year. I don’t know any great investors I follow that are bullish. Faber seems bullish on some European stocks but other than him it is all bears. All these talking heads on TV that are bullish and saying stocks are cheap well they need to shut up because looking @ the S&P it is up over 100% from its lows from just a few years ago, and it is mainly due to stimulus. I have friends asking me about stocks because they are tired of 0% in the bank I tell them to leave there money in cash pay off there house because this market is to scary right now wait for a blow up then come see me. I remember a write up from grantham a year or so ago saying this market is not for young men or something like that well I would love to change that tite to this market is only for a few grown men. Not many investors will be winners looking out a year or 2 from now IMO.We are only 5 or 6% off the 52 week high on the S&P I would be shocked if we did not see at least a 15% correction with all the headwinds coming down the road. The Fed basically is out of bullets here, so we will see what happens when we go negative on growth.