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Odds 'n Sods:
Lisa C. suggested this article: One
Guy Who Has Seen It All Doesn't Like What He Sees Now about an elderly
financial that fears the effects of the current credit collapse, but suggests
buying stocks. I concur
with the former, but not
the
latter. In my opinion the US stock market is heading for a fall. The
recent Dow Jones rallies have been nothing but sucker rallies. And
if you look at the volume of stock that insiders are selling, it is clear that
a lot of the "smart money"
is abandoning
ship. (See, for example, Oracle
CEO Larry Ellison's regular dumping of his own shares.)
I predict that there may soon be a stock market collapse, most likely immediately
after the Federal Reserve stops easing interest rates, and starts raising
them.
That will be the turning point. That will also likely be the day that those
of you that took my advice and invested in gold and silver will become very
happy
campers. And also, BTW, the recent pull-back in the spot gold and silver prices
are a great buying opportunity. I recently wrote that a gold price south of
$875 would be a bargain, an I stand by that.
o
o o
Eric sent us this piece on Peak Oil : Good-Bye,
Cheap Oil. So Long, Suburbia? But, meanwhile, we read: Oil
discovery rocks Brazil. I have my doubts about Peak
Oil theory, but
I recommend hedging your bets by buying photovoltaics, horses and tack.
o o o
Merry found us this: Buffett
says recession may be worse than feared. Warren's wisdom: "This will
not
be
short
and
shallow."
o o o
FerFAL (our correspondent in Argentina), has some suggestions on making a
living during a "slow slide" economic situation, based on his experiences
in Argentina. Check out the post at his blog titled "Making
Money During the Crisis."
