Archman Investor

Invest Now with a Keen Eye and Be Regarded a Genius for Decades

Financials: agreed. I sort of "own" them by investing in the HYG & PFF.

The market: S & P 500 (better barometer than the Dow 30 in my opinion) should be at 750 to be at its long term 30 year upward trend line. Will it get there, hold, and then do back and forth for a few years? I do not know.

Oil: Agreed. I like VET.UN, as a globally diversified energy play (watch out for the currency translation however), with a nice yield and a select few pipeline stocks.

Dollar: is toast. I don't know when. However, I would suggest to everyone, do not be fooled by the "strong" dollar, "safe haven" dollar talk we hear about from the talking heads. The dollar going up is a flight to "quantity" not "quality". Things take time to occur so the situation bears watching.

What to buy? Like the author I own PM. I own a few US listed stocks (non financial), a few canadian stocks, (2) ETF's, some triple tax free muni's, and some cash. I am thinking about buying some gold and burying it in someone's yard, though I have not.....yet.

Am i selling anything? No. All the stocks I own, have been reporting very good numbers, all thru the downturn, thus far. I am an investor not a speculator, so i continue to follow the companies very closely. Besides who am I kidding, I am the world's worst trader and would never claim to be otherwise.

Why I'm Committed to the UltraShort Financials ETF

<<The page has turned. The WFC news this morning is a game changer.>>

WFC simply said they weren't going to "suck as much" as the other banks this quarter. They said firmly that they now have 7 Billion set aside for bad crap thats coming down the pike.

I don't care that they raised the dividend either. Thats called playing Wall Street and Main Street for a fool.

Oh we are going to get a financial rally. No question. For those that are newly long or so pathetically underwater from listening to the cheerleading from the media, atleast you can make a few $$