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| Economy |
| 'Perfect storm' as market tremors hit China, Europe and the US |
| 2010-05-21 |
| Capitulation fever has swept global markets on triple fears of faltering recovery in the US, Chinese credit curbs and Europe's intractable escalating debt crisis. |
| Posted by:tipper |
| #12 Buy politicians. That's by far the most profitale investment. |
| Posted by: Glenmore 2010-05-21 19:07 |
| #11 Cash out your 401K Buy gold and be long on paladium. The New World Order types are trying to corner Paladium, it's a stone cold win. Also it can be used in Cold Fusion and has a demand in the automotive industry. |
| Posted by: Shipman 2010-05-21 18:20 |
| #10 Vote early and vote often! The cynical phrase is attributed to three different Chicagoans: Al Capone, the famous gangster; Richard J. Daley (a famous gangster) and mayor from 1955 to 1976; and William Hale Thompson (a famous gangster) and mayor from 1915-1923 and 1931-1935. All three were notorious for their corruption and their manipulation of the democratic process. |
| Posted by: JohnQC 2010-05-21 15:30 |
| #9 I recommend Ford Stock (F) it's the only PROFITABLE remaining auto maker in the USA, it's dirt cheap right now (Around $11.15 at the moment) I own a small holding (100 shares) and it's solid. |
| Posted by: Redneck Jim 2010-05-21 13:49 |
| #8 ....and toilet paper. Don't forget the foundation of modern civilization for the rebuild. |
| Posted by: Procopius2k 2010-05-21 11:30 |
| #7 So do I cash out what's left of my 401k and buy gold In bear markets the correlations between asset classes tend to approach 1 and this is more so due to globalization. Certainly have some gold, probably no more than 10% and purchase on a dollar averaging basis(a certain amount per month, so you take advantage of ups and downs) Don't forget ammo and food stockpiles as for the rest you're on your own. |
| Posted by: tipper 2010-05-21 11:20 |
| #6 correction: panic selling of other assets, and panic buying of gold, by dumb retail investors |
| Posted by: lex 2010-05-21 10:31 |
| #5 Don't buy gold. It's not used as a backstop anymore, and is being run up due to panic selling by the dumbest investors in the market, ie small retail investors. Buy quality assets that are underpriced now: treasurys and blue chip, built to last, dividend-paying companies producing real stuff that people around the world desperately need, like oil, industrial metals, agriproducts, lifesaving pharmaceuticals, and above all, tobacco products. |
| Posted by: lex 2010-05-21 10:30 |
| #4 Looks like dem expectations that the economy would be undeniably on the mend by November are not going to come to pass. Look for MSM stories about "unexpected" financial calamities to proliferate... |
| Posted by: M. Murcek 2010-05-21 10:00 |
| #3 This is the scene from the movie where the climbers roped together start to fall, each one adding to the mass of the downward pull as the ones above them are ripped from the side of the mountain. Do you cut the line before it yanks you down too? So far the people in charge haven't and won't. They'll keep telling us that its for 'our own good' in the long run while protecting their position and power. |
| Posted by: Procopius2k 2010-05-21 07:43 |
| #2 IMHO we are nowhere near capitulation. Bank shares are still trading well above their real value, which is zero. |
| Posted by: phil_b 2010-05-21 07:34 |
| #1 So do I cash out what's left of my 401k and buy gold? |
| Posted by: Bobby 2010-05-21 06:02 |