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What now?16201

By Peter P   Follow   Tue, 17 Feb 2009, 11:47am   3,445 views   89 comments
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So home prices are down, gold price is up, and Europe is facing economic collapse...

What should we do? What are the best investments? What stocks/currencies/bonds/commodities should we short?

We must think for ourselves because nobody else will care.

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1. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

   1   3:43pm Tue 17 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   frank, what is your primary trading time-frame? Do you use daily charts or 30-minute charts?

2. Paul189 Follow Befriend 667 comments

   2   6:06pm Tue 17 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   I just read German houses as good as gold! http://uk.reuters.com/article/stocksNews/idUKLNE51G00D20090217

3. Paul189 Follow Befriend 667 comments

   3   6:08pm Tue 17 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   actually: not sure how you put a house in your pocket and take it down to the store to buy something (perhaps stopping at the coin dealer to exchange for fiat currency first).

4. B.A.C.A.H. Follow Befriend (6) 5 threads 2,359 comments

   4   7:16pm Tue 17 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   But to answer the question of what to do: Grow our own vegetables, corn, melons; keep laying hens, compost, patronize used clothes stores when it is practical, if you must buy gadgets (including a car) get used ones. Do your own car maintenance as much as you can, get entertainment at the public library you're already paying for. Don't eat out so much, if you insist on it, order tap water for your beverage. Take in a border or become one. These are not terribly big sacrifices, to most people in the world it'd be a privilege to even have such choices.

5. Paul189 Follow Befriend 667 comments

   5   8:14pm Tue 17 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   You think that is bad; read and watch this! http://www.russiatoday.com/guests/detail/2114 http://www.youtube.com/watch?v=9nJ7LM3iyNg

6. OO Follow Befriend 1 threads 3,248 comments

   6   9:06pm Tue 17 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   German real estate never recovered from the 1990 reunification bomb, just like Japan. I have a small position in Yen, held all the way from 11x, and I let go entirely today. Yen is about to start dramatic devaluation soon. I didn't get into Frank's head, if I did, Frank would have said, long food. After crying wolf for a few years, I think we are very "well" positioned for the next worldwide famine in the near future. And this http://www.guardian.co.uk/world/video/2009/feb/11/zimbabwe-gold-panning-starvation-food has happened many times in developing parts of the world, Zimbabwe is not the first, and won't be the last. Lack of food in this situation, is not a result of weather or water crisis, it is the result of a financial crisis.

7. OO Follow Befriend 1 threads 3,248 comments

   7   9:23pm Tue 17 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   http://www.mercurynews.com/localnewsheadlines/ci_11712324?source=rss "considering going back to work so as to send her kids to private kindergarten..." It sounds like some Silly Valley parents have gotten the priorities completely backward. WTF can a kid learn at a kindergarten??? Can a kindergarten teacher be as attentive and loving to her kid as herself???

8. warblah Follow Befriend 1 threads 39 comments

   8   10:35am Wed 18 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   Greenspan didn't let the bubble die last time, he created the housing bubble instead. So I doubt this will be the bottom unless they create another bubble. GM is begging for $$ right now, the other automakers will probably do the samething in the next few month, and that will not be a positive sign for the market.

9. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

   9   12:38pm Wed 18 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   Let's hope our fine Republicans in the state senate are able to hold off those outrageous tax hikes. I rather see complete annihilation than tax hikes!!!

10. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

    10   12:54pm Wed 18 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   Btw, I found Valentine Day weekend to be extraordinarily busy both at shopping mall or restaurants, is it an indication of short-term bottom, or an indication of desperation of our kind to secure good sex? Perhaps they are just trying to rage, rage against the dying of the light. :) (Though wise men at their end know dark is right)

11. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

    11   1:30pm Wed 18 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   Dunno, maybe less computer time helps. I wish.

12. thenuttyneutron Follow Befriend 438 comments

    12   3:21am Thu 19 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   There have been cases in the USA where a radioactive source was "scrapped" and created a huge mess. The amount of money required to clean up these big messes are much larger than what most companies could afford to pay for. It is like taking a big smelly piece of dog shit and throwing it in with the peanut butter mixing equipment. It just gets mixed up in the batter and contaminates the whole batch.

13. Malcolm Follow Befriend 2,842 comments Carlsbad, CA Malcolm's website

    13   7:21am Thu 19 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   Not to mention the new private banks that will naturally be formed.

14. Eokram Follow Befriend 11 comments Summerland, CA

    14   9:37am Thu 19 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   This guy says that if we let Citi and BofA die, we could bail out the rest of the banks with the original TARP funds: http://seekingalpha.com/article/121245-rating-the-top-12-u-s-banks-from-hidden-gems-to-zombies

15. Randy H Follow Befriend (5) 44 threads 4,602 comments Los Altos, CA Premium

    15   9:45am Thu 19 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   Anyone who wants to discuss the Irresponsible Homedebtors Act of 2009 is invited to my Capitalism 2.0 thread on it.

16. sa Follow Befriend 1 threads 276 comments

    16   1:14pm Thu 19 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   The responsibility for the big holes in the TARP lie with Henry “3-page” Paulson and George Bush. Lest anyone forgets. I didn't mean we are good with these guys. We already know what these guys are, just had some hopes on the new guy. What I am tired of is digging new holes to fill the hole we are in. He throws a Trillion around and talks about bringing deficits under control (or starting a discussion about it). He talks about helping responsible home owners and we all know it can be gamed easily. He does all the nice talk and his actions are far from his talk. His pay restrictions on executives just covers a few top guys who will be compensated different ways at a later time.

17. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

    17   1:17pm Thu 19 Feb 2009   Share   Quote   Permalink   Like (1)   Dislike   Politicians, and their voters, must understand that inaction is often the best course of action. The "let's do something about it" mentality must change. It only reflects the arrogance and ignorance of humanity.

18. Chuck Ponzi Follow Befriend 33 comments Chuck Ponzi's website

    18   1:43pm Tue 17 Feb 2009   Share   Quote   Permalink   Like   Dislike   I'll go out on a limb here, since it's unlikely that many will agree with me. S&P500 is looking great by my estimation. Not much thought; great diversification; good growth prospects. The consumer is dead, but big business can still do quite well in an inflationary environment once we get over this bout of deflation. Of course, I think longer term than 1 year. I'm usually too early. Chuck Ponzi

19. frank649 Follow Befriend 362 comments

    19   3:40pm Tue 17 Feb 2009   Share   Quote   Permalink   Like   Dislike   I'd short everything, especially the broad equity indexes. One exception might be gold for which I'm long with very tight stops.

20. EBGuy Follow Befriend 4 threads 2,095 comments

    20   4:22pm Tue 17 Feb 2009   Share   Quote   Permalink   Like   Dislike   frank is joking... or else OO got inside his head...