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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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With Hugh...
This Market seems to like 8000 as the Bottom....it has continually tested this level and held. Famous last words...however....
Will the market come back...yeah...sometime in the future...the Sotck market never really was in a Bubble this time around (as in 2000). Never was over valued....RE and Commodities certainily were...BONDs,,well look at the yield folks...there is NO FKING YIELD.
So what game is still left in town to make a BUCK? Or even to put money into something SAFE...?????
Some say CASH..well for now yeah......but they has turned on the Printing Press 24/7 at full speed....sooner or later that dog ain't gona hunt...and the USD and Bond equivlents will take a really big hit...especially if Obama and his friends SPEND SPEND SPEND big on their pet ideas. Obama does know this, but do his friends in the Congress? Some do some don't. Stimulus for tangible improvements will be OK, but not Health Care......The Chinese don't give a flying fk if you get sick and die, it is one less mouth to feed. Sorry Mr Liberal your bleeding heart for the rights of man in society have just hit a Great Wall..called CHINA.
So what to watch for....a devaluation of the USD against other currencys, increasing interest rates and Gold climbing strongly above $1000.00...You see those 3 things and you know it is the end of the USD...say hello to Mexico, Brazil and Argentina....
In that market certain stocks such as consumer staples will follow the inflation rate...others that are more discreationary spending stuff...well it will turn into toilette paper...
Currency a wheel barrel full will buy a postage stamp...and Wayne with his little Thread was a joke to anybody who has followed Weimar German History.....
So certain tangible assets will retain value...Sterling Silver Spoons for example..precious metal... Weapons and ammo...if they are not outlawed completily...who says the Constitiution means a fk???? LA LA land Boyz....People will give it up for their Ranch Home in the Burbs, SUV and Big Screen TV....just feed me....and keep me warm....
But that is speculation at this point...Tangible assets seem to be holding their own at the moment....some real strong, some a bit off their highs but holding....
Right now ya gotta give a bit of what appears to be a bargain or discount to move an item...so if ya bought at the high you are gona take a bit of a hit...not everyone has figured this out yet.
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"Some Observer"
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