This is a very confusing time. However, there are a few clues to what kind of market…..and most useful is L stats and MA’s….NO bear in sight as yet….so you either choose to make money long mostly or sit aside…. IMHO I do not see large upside from these levels….doesn;t mean you can’t make money reallocating to strongest sectors.
MOST GAINS IN 2000 BULL CAME IN JUST LAST 2 YEARS 1998-2000 TOP….DID THE INTERNUTS MAKE ANY SENSE? But shitload of money was made……Ive switched to ultra conservative …..and that switch off from prior experience took me clear of 2 bears, but also of 2 bulls…working on that.
The ZERO 0% money being paid on MM’s/savings is a flat out crime. If more people are saving wouldn’t it do economy better to pay them fairly then they would SPEND into economy? Too simple….
A society we’re going downhill like snowball into hell…..with BORROWED Lifestyles…a gov spending out of control…..a false dawn we now enjoy…to say when it ends we’re back to bendover society….puts it mildly
Put a gun to my temple…I will NEVER accept we reach balanced sustainable anything with what was done…..lows of 2002 broken in last bear tells me secular theme intact….when music stops better get out of Dodge….for now it appears safe to play the game
I never said don’t play game, take what they give you….friends look around, MOMO all you got values not
Duratek
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2 comments:
Terry Laundry says we top in August and head south for 3 years. Going into a depression.
The Cycles Research Institute says the same. I think their top is September followed by a 3 year zig zag lower.
Martin Armstrong says the 2007 highs will be broken. No depression will occur. He is a bit nebulous on his forecast. He does warn that the next bubble will be the debt bubble (makes sense) and the bond market will get smoked. Guess what - the bond market has become a favorite haven for retail investors. That is a red flag.
I don't have Lowry but I would guess they show a bull market with demand shrinking and supply flat. The demand and supply lines are likely spread fairly wide withh neither rising or falling very much in the last two months.
All indicate Gold will advance and the dollar will decline. I would never buy gold and have someone store it like many have done with their IRA money. The gold may not be in the vault or the bars may be fake.
I think a better play is Canadien and Australian gold mining companies with zero debt. I am thinking 15% gold stocks, 15% DOW, Nasdaq inverse ETF and 70% cash.
Times are very confusing indeed. Iwant to time travel back to the 80's.
Add to that I see the potential for a major earthquake in California with in the next 2 months that will surely effect GDP if it occurs.
http://earthquake.usgs.gov/earthquakes/recenteqsus/Maps/US10/32.42.-125.-115.php
Astute comments my friend. Here's a fun link
http://www.businessinsider.com/henry-blodget-recovery-what-recovery-the-us-is-completely-screwed-howard-davidowitz-2010-4#ixzz0kchPChVb
Gold has its place, also a Canadian gold juniors etf is now available.....armstrong....I have read him...not sure why I should.
Lowry's....during transition from early stage rally the selling pressure can actually rise as buyers come in....they feel this thing has legs.....that declines will not end primary trend.
After 75% rise I am less inclined to get too jiggy. Miracles do happen, just dont think we'll get one.
ECRI bullish...says no 2nd dip...cash brings you no return...rigged game
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