Contrarian market commentary and economic postings.
Tuesday, November 10, 2009
US DOLLAR DECISION TIME
2 comments:
drone
said...
What should regular families relying on the 201k for retirement do at this point? Seems that there are no safe bets for regular folks anymore, and anywhere you turn the banks will rule. Is there any safe position inside an IRA right now?
I have people ask me all the time. Some were in guaranteed return but cant make changes for 3 yrs. That si about over I said switch to MM/cash so you can make changes.
If DEFLATION wins, Bonds can still return BUT man is this a crowded trade and IMHO getting risky esp after it POPS...and it will.
International funds are doing better than US, maybe those countries doing better esp Asian, Brazil...BUT those mkts have RUN UP.
G20 said, FED said, NO CHANGES..stim and 0% rates full steam ahead almost for ONE YEAR NOW.
IMHO this is ALL that is pulling stocks up...as $ falls other assets rise..is the game.
We are in dangerous territory, MUCH more $ weakness it loses all support and 70.00 may be challenged....GOLD HIT $1,111 this AM ! and central banks dont give a hoot?
I dont believe in CHINA miracle...and dont believe their GDP.....for that matter ours isnt beleivable either.
I would say if you had natural resource choice some money could go there BUT GOLD seems frothy, if it corrects along with OIL maybe could buy that dip as both in strong BULL MKTS.
I am sorry you sort of answered you own question...NOTHING seems safe to me except being patient and waiting for this to play out...I WILL NOT CHASE STOCKS AT THESE LEVELS. Some reports say trailing PE on SPX is 140 highest EVER.... It has departed from reality, I WONT be BAGHOLDER at these levels
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2 comments:
What should regular families relying on the 201k for retirement do at this point?
Seems that there are no safe bets for regular folks anymore, and anywhere you turn the banks will rule.
Is there any safe position inside an IRA right now?
I have people ask me all the time. Some were in guaranteed return but cant make changes for 3 yrs. That si about over I said switch to MM/cash so you can make changes.
If DEFLATION wins, Bonds can still return BUT man is this a crowded trade and IMHO getting risky esp after it POPS...and it will.
International funds are doing better than US, maybe those countries doing better esp Asian, Brazil...BUT those mkts have RUN UP.
G20 said, FED said, NO CHANGES..stim and 0% rates full steam ahead almost for ONE YEAR NOW.
IMHO this is ALL that is pulling stocks up...as $ falls other assets rise..is the game.
We are in dangerous territory, MUCH more $ weakness it loses all support and 70.00 may be challenged....GOLD HIT $1,111 this AM ! and central banks dont give a hoot?
I dont believe in CHINA miracle...and dont believe their GDP.....for that matter ours isnt beleivable either.
I would say if you had natural resource choice some money could go there BUT GOLD seems frothy, if it corrects along with OIL maybe could buy that dip as both in strong BULL MKTS.
I am sorry you sort of answered you own question...NOTHING seems safe to me except being patient and waiting for this to play out...I WILL NOT CHASE STOCKS AT THESE LEVELS.
Some reports say trailing PE on SPX is 140 highest EVER....
It has departed from reality, I WONT be BAGHOLDER at these levels
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