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#11
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Quote:
Well now “Skid” let’s not be shy. I want to hear some touts – not just generalizations. I’ll defiantly have to get that book if it tells me everything I need to know. I’d bet it’s a replay of an old classic “Extraordinary Popular Delusions and the Madness of Crowds”. I always seem to get out to early and then have to sit and watch stuff keep going, but you never have to do it all at once. Now’s just not the time to be jumping in with both feet. Might stick your toe into a little BAC or USB with the great yields they’ve got, but there is still a huge issue that needs to be resolved. ETF’s Many of these commodity based ETF’s have taken down (and out of the supply side) more metals, grains and oil than can be found. Without the pressure of leverage, swings in these underlying markets will become extraordinary, and become the next unplanned for rout of equity. Long rates are going to be much higher in a few years, and it’s not a mistake to wait by sitting in short rates, even though they are yielding less than the rate of inflation. 30 day bank CD’s can still be rolled for near 3% It’s 1974 all over again.
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89 300E 79 240D 72 Westy 63 Bug sunroof 85 Jeep CJ7 86 Chevy 6.2l diesel PU "The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." Marcus Aurelius Last edited by crash9; 03-19-2008 at 02:44 PM. |
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