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  • Current Rally: Are We in May 2003 or May 2008? [View article]
    Too brief but correct. I question the criteria of "quality, value and growth." This economic event has put the lie to both buy and hold and value investing. You go with momentum, period. Value is entirely indeterminate. Growth is pure speculation. We're gambling, pure and simple. I'm betting now it will go down and trade accordingly. Previously, I was betting it would go up, and I made some money. May the gods of chance be with me.
    May 25 15:04 pm |Rating: +3 -10 |Link to Comment
  • Financial Sector Ultra-Shorts: Must Have Protection Against Banking Sector Madness [View article]
    I'm one of those idiots who didn't know FAS was only for day trading. Bought at 4.90 on Mar. 13. Sold for 9.15 on Apr. 17. Too stupid to tell if I made money or not. Lots of money, or not.
    Apr 29 13:03 pm |Rating: +1 0 |Link to Comment
  • Why Physical Gold Is Superior to Mining Stocks for Long-Term Investors [View article]
    Let's say worse comes to worse, what are you going to do with your bullion? Buy groceries? You think gold will trump Smith & Wesson at the checkout counter? The government can outlaw private ownership of gold or confiscate it whenever it pleases (and if worse comes to worse, it will so please). If the worse stays away, then gold becomes just another investment vehicle, and it certainly lacks the transactional ease of ETFs.

    Theoretically bullion may trump stocks, but, practically, it sucks.
    Apr 23 22:59 pm |Rating: 0 -1 |Link to Comment
  • Recent Correction Offers Opportunity in USO [View article]
    Mark,

    Could you comment on USO vs DXO play? I've made some good money in DXO this month and wonder if there's a reason to hold USO instead. Thanks.
    Jan 11 12:34 pm |Rating: +1 0 |Link to Comment
  • China ETFs: Crisis and Opportunity [View article]
    Way too much global uncertainty right now for anything but a nibble. China has no economic or political transparency. Who knows what's really going on there. You may get lucky, true, and remember it as the trade of your lifetime, but it would be more prudent to wait at least a few more weeks.
    Dec 10 19:04 pm |Rating: +2 -1 |Link to Comment
  • Bailout Bill Passes; What Happens Now? [View article]
    "... the fed can print but it cannot force banks to lend or consumers and businesses to borrow."

    It doesn't have to. Banks will lend - that is what they do - and consumers and businesses will continue to borrow. Try to stop them.

    The bottom may not be in, but the bailout should provide a foundation of sorts, psychologically and economically. Fear will leave the markets next week or soon thereafter. The hyperbolic fear-mongering employed to sell the bailout by everyone from Cramer to Reid will stop. That will help.

    Oct 04 08:15 am |Rating: 0 0 |Link to Comment
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