#1
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\"dont worry, be happy crowd\" getting worried yet?
Are you guys still optimistic on the economy? We are currently in a recession; domestic auto industry falling apart and now housing is going down the tubes. Subprime blowup is just the beginning. It is going to be like a virus, first it infects the subprime, then the ALTA and then the prime. I hope you guys are short the DOW or at least long gold.
Although Gold is not performing as great as I thought it would be, it is still outperforming the DOW and will for the next several years. Per Yahoo Finance, GLD (gold ETF) is up 5.69%, SLV (silver ETF) is up 9.80% and the DOW is -3.11%. Ouch. Still can't believe people are selling their gold and putting them into treasuries. Have people lost their mind. Before I go, I want to put a link to article about Lou Dobbs who said "I have no faith in inflation numbers." Finally, someone in the mainstream media willing to tell the truth. http://www.newsmax.com/money/archive...3/9/111424.cfm |
#2
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Re: \"dont worry, be happy crowd\" getting worried yet?
Lou Dobbs has some of the most backwards understanding of economics ive ever heard
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#3
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Re: \"dont worry, be happy crowd\" getting worried yet?
Also, who cares about the auto industry besides overpaid, inefficient unionized auto workers?
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#4
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Re: \"dont worry, be happy crowd\" getting worried yet?
Is this a serious post?
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#5
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Re: \"dont worry, be happy crowd\" getting worried yet?
[ QUOTE ]
I hope you guys are short the DOW or at least long gold. Although Gold is not performing as great as I thought it would be, it is still outperforming the DOW and will for the next several years. [/ QUOTE ] I hope everyone is long bananas, and I think that everyone should dive into zero-coupon bonds also. We are afterall in a recession. Where is FDR when you need him? |
#6
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Re: \"dont worry, be happy crowd\" getting worried yet?
Gold may be good long-term, but short-term it will get whacked along with other commodities, junk bonds, and everything else that's been pumped full of Japanese liquidity.
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#7
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Re: \"dont worry, be happy crowd\" getting worried yet?
[ QUOTE ]
Gold may be good long-term [/ QUOTE ] are you sure? |
#8
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Re: \"dont worry, be happy crowd\" getting worried yet?
I'm sure that it may be good, yes.
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#9
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Re: \"dont worry, be happy crowd\" getting worried yet?
[ QUOTE ]
I hope you guys are short the DOW or at least long gold. [/ QUOTE ] Recommending the average investor EVER shorts U.S. equities or purchases gold in excess of ~10% of their portfolio is generally a mistake, bordering on lunacy if you're deep into a 5-20% correction. Responding to your title, the only thing I'm worried about is making sure I put uninvested cash to work as this correction proceeds - I'm long now, will be longer at 10%, and more so at 20% off the highs. P.S. - If "it's different this time" and the Dow craters to 5000 or whatever, I hope the gold bugs and prescient short sellers have a private army to protect their new found wealth. |
#10
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Re: \"dont worry, be happy crowd\" getting worried yet?
[ QUOTE ]
P.S. - If "it's different this time" and the Dow craters to 5000 or whatever, I hope the gold bugs and prescient short sellers have a private army to protect their new found wealth. [/ QUOTE ] LDO, unfortunately. I'd like to think folks would be willing to accept responsibility for their own bad decisions, but I know it won't happen. |
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