Friday, September 19, 2008
Close Call, and it ain't over yet...
I wonder if Americans realize just how close to the precipice of a banking and financial collapse the U.S. is or was. "Was" remains to be seen.
You can't cure a fire hazard in a building by arresting the guy out on the street who is pointing it out to the people thinking of entering the place.
This is a tradable rally, and I am going to trade it - even though I despair for the future. Thank G-D! I am not short! But when this rally ends, I will be short with a vengeance.
If you are not buying Gold, Silver, and Ag land with your cash NOW, it will be too late at some point should the oil import numbers stay on trend. At some point the market is going to notice that boogey man. What is the point of working hard and being frugal only to have your asset values destroyed? You would be better off taking a trip around the world and spending all your money. In the end you will be in the same financial place, but you will have lived a more interesting life.
Mentatt (at) yahoo (d0t) com
Posted by The Short Story Man at 5:47 AM