What a delicate, scintillating, ineffably beautiful, girl. If you have a girl like her on your mind you just can't get anything done.
This market is having the same effect on me but in a much more unpleasant way. At times like this I wish I was just out of the market altogether and lived in a world of ignorance and bliss...
Today's action was awful.
This is why I did not go short yesterday. I can't predict what the government is going to try to do to save us (the rich Oligarchy like Goldman Sachs) and preserve democracy (make the candidates look tough on corruption and compassionate). At the same time the market has to correct. Civilizations do not advance in a straight line
US Government proposes to buy all bad debt and put it on Government books? The kind of move that ends Empires. We are not a rich nation anymore. We cannot take on more debt. Let the stock market fall. Stocks go up and correct... take out the major disasters like BSC and AIG and then let it... But this proposal is sickening. One thing is for sure... foreign currencies like the Swiss Frank (check out FXF) will be a great place to be when the dust settles. The dollar is going to be the next toilet paper currency. I would recommend gold but not right now... this is a temporary mad rush... and this market is deflationary... everyone from Roubini to Prechter to the Fed themselves has said this... The Fed cannot stop the deflationary credit crisis no matter what... they can lower rates to 0% and sell treasuries for trash but that will only temporarily ease things and eventually, when this crisis settles, all the garbage on the books will make the dollar worth much less than we could ever imagine it could be. When the deflation starts to ease I will load up on Gold and I already hope to start moving some money into Swiss Francs... The Swiss are the biggest savers in the world and their currency is one that people will always want... Also... eventually countries will pull their money out of the treasuries. Roubini calls this crisis the 'beginning of the end' of the American Empire. I agree.
Stick with the Europeans. They make more sense and are prettier anyway...
"The Yellow Rose Street Beat" is for informational purposes only. It does not give investment advice.
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4 comments:
why not just short the dollar?
You could do this also. The prolem is that EVERYONE was short the dollar a little while ago. It appears to have been manipulated upwards going into the election by using derivatives to control supply. This is the major reason gold fell so quickly and the Euro has fallen so much until this week in my opinion,
Read this link on the Sept 14 post
Seeking Alpha on Dollar Manip Hedge Fund
So this is a deflationary recession but gold went down too fast and that combined with the flight to safety and the fact that the Fed may lower rates at some point has caused commodities to spike...
Please note that in the short term if the election manipulation resumes and fear subsides the dollar may temporarily regain strength once again
Also in a deflationary situation the dollar should get stronger,,, most currencies should actually, but as Greenspan said eventually we will see the dollar get much weaker so it is a matter of time perspective imo
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