I O U USA
US Govnt Immorality Will Lead to Bankruptcy
Comments:
o America is in a long term decline unless something drastic actions are implemented. So far, no signs of return to prosperity given the actions of government not having the courage to do the right things politically.
o Short term dollar and the market may be up. It is almost sure that dollar will fall massively and there will be hyperinflation
o Need to allocate some of your money into gold not just gold stocks but phyiscal gold. Suggest 10% of your networth for "insurance". I use goldmoney.com to invest on physical gold.
o Commodity price will go up. Oil's price is very low now. It should hit $50 from around current $40 within 12 months.
o The almost slam dunk investment now seems to short 7-15 years treasury. It is simply ridiculous that people are investing in Treasures for 2% over 7-10 years. It is a classic extension of fear. To invest, I buy TBT and PST
o Short term stocks may go up. I am looking forward to get back to my short positions again once the market extends itself. The timing is difficult but my style is to test the tops a couple of times until I get it. Normally, I am out with 2-4 % loss. When I strike it is a 20-50% return within weeks.
o Time to conserve cash, reduce debts and invest wisely.
o It is not time to invest in stocks yet but when the time comes probably in 8-12 months, it will be investment opportunity of a lifetime that can carry you through retirement. As to when I do not know but when it is time, I will put it on the blog.
Thursday, January 1, 2009
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