http://www.smartmoney.com/investing/eco ... 748333380/
Anyone?
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Article
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: Article
Instead of maintaining an open mind I'd prefer to maintain my 25% gold position. This would surely help to avoid unpleasant surprises. :DSo rather than predict how markets should act, it's preferable to maintain an open mind and observe how they're acting in the here and now. That way you're never surprised.
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
- Talmud
- Talmud
Re: Article
I think you can maintain both...
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: Article
Gold is acting the way it has been for 10 years. Upside breakout followed by consolidation or correction down to 1-5% above 200 day m.a. Then repeat. It only broke script in 2008 during the liquidation. Nothing unusual going on right now.
Re: Article
Imagine a turtle talking to a house fly about their respective perceptions of the rate of change in the world.
I try to strike a turtle-ish mental pose whenever possible.
I try to strike a turtle-ish mental pose whenever possible.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Article
MT,
From now on, I am going to deliberately post articles that make certain investment theories/predictions, even if I don't agree with them, just to see what kind of brilliant comment you can retort.
I know this is putting a fox in the hen-house, but you should really go to work for CNBC.
From now on, I am going to deliberately post articles that make certain investment theories/predictions, even if I don't agree with them, just to see what kind of brilliant comment you can retort.
I know this is putting a fox in the hen-house, but you should really go to work for CNBC.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: Article
I could be like a Triumph the insult dog comic-type market commentator. The expert du jour would make his prediction and then Kudlow would turn to me and say "how about that MT?". I would think for a moment and then say "well Larry, I have heard that perspective before, and I think it is a great point of view...FOR ME TO POOP ON!!!"
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Article
Hmmm, maybe it's better to pair you up with CramerMediumTex wrote:I would think for a moment and then say "well Larry, I have heard that perspective before, and I think it is a great point of view...FOR ME TO POOP ON!!!"
"Well, if you're gonna sin you might as well be original" -- Mike "The Cool-Person"
"Yeah, well, that’s just, like, your opinion, man" -- The Dude
"Yeah, well, that’s just, like, your opinion, man" -- The Dude
Re: Article
They always try to bring on some crazy guy to be the counterpoint... The only problem is that you'd be competing with Peter Schiff for the "crazy contrarian pundit" circuit. When the contrarians start being more accurate than the actual hosts... well, that's just another hour of CNBC programming.
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou
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Re: Article
In a sense the author's right. If you're holding gold b/c you think it's gonna be worth $10K an ounce and you're gonna sell at the top, then it might be a good idea to listen to this guy.
As usual, it ignores gold's role as a portfolio diversifier, which is why it's included in the PP.
As usual, it ignores gold's role as a portfolio diversifier, which is why it's included in the PP.
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
Re: Article
I'm always a fan of those types of articles. It means the bull will keep bucking. Only when everyone and their neighbor is in on gold will it be a bubble. Give it 5 years and check out the b'heads board. You'll see some long-time gold bears cave and start to add 5% to their portfolios with a blush on their face.
Re: Article
The thought of Rick Ferri turning gold bug is sort of amusing.Wonk wrote: Give it 5 years and check out the b'heads board. You'll see some long-time gold bears cave and start to add 5% to their portfolios with a blush on their face.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Article
I hope I'll live to see that day.MediumTex wrote:The thought of Rick Ferri turning gold bug is sort of amusing.Wonk wrote: Give it 5 years and check out the b'heads board. You'll see some long-time gold bears cave and start to add 5% to their portfolios with a blush on their face.
The "legendary" Richard Russell has already converted to goldbuggery.