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No value in planting in an economic winter? Doesn't that conflict with 'buy low sell high' principle? no. the dow is going to 5000 (but will likely go to 12000
by p0ltergeist 18y ago
No value in planting in an economic winter? Doesn't that conflict with 'buy low sell high' principle?
no. the dow is going to 5000 (but will likely go to 12000 first) . that is a better time to consider "planting". furthermore oil is going to go over $200 and t-notes will yield 20% before this is all over, because what we are doing now is planting the seeds for hyperinflation (to follow our current deflation) with all of this "50 billion here, 100 billion there, 700 billion here" money printing.
- swombat 18y agoI hope you have some good solid spread betting going on to clean out when all your predictions come true. Oh, you don't? You mean these are just in-the-air?
- Zaak 18y agoThat's a good point. If you really do know what's going to happen, there's almost certainly a way you can profit from it.
- p0ltergeist 18y agoi do and i will
- david927 18y agoThat's interesting you say that, because while I feel I've seen this coming (and have annoyed people for years to get into metals), at the same time, I'm not confident at all with exactly how it will all pay out. My gut says that if it's paper, it's worth paper. But really, I don't know.
- p0ltergeist 18y agonot that i need to satisfy you, but i have seven figures in high yield bonds that are tax free. why are my bonds high yield? because i bought them when you and your other ham-and-egger friends were trying to figure out when GOOG would hit $1000...when instead you should have been cashing out. i'll definitely be ready for 20% t-notes with plenty of ammo, and you'll still be chump-change
- dmix 18y agoSo you can afford a book on grammar?
- david927 18y agoI'm with you, polter. Dow at 5 or even less, hyperinflation, etc. It's scary like a hurricane; seeing it coming doesn't help much. But I'm planting now. Partly because I have some 'peek-a-boo' technology and nothing could stop me at this point. But also because I think if I do it right, I can play the circumstance to my favor. I'm planning on keeping my job (as long as possible) and now that friends are getting laid off, I'm roping them into my plans. No offices, no logo t-shirts, and no fuzzy business plans. But I'm planting.
- p0ltergeist 18y agowell obviously there is no bad season for a true lead-to-gold scheme....but the market will be the judge of that. good luck
- nradov 18y agoThe DJIA at 5000 and hyperinflation are mutually exclusive. Currently we are in a deflationary period.
- johnyzee 18y agoIf hyper-inflation is coming, why would you hold on to cash? Sounds like a perfectly good reason to max out home equity loans at a fixed rate.