Rattlesnake Bob

Could the Dow Sink Another 50% by 2012?

I am reading a number of fairly optimistic comments here this evening. I think that we Americans have been conditioned to be optimists, and this is good. However, now it is time for us now to be realists by necessity. I do not believe that Americans have recieved full disclosure of the true nature and severity of the banking crisis that has shaken the world. Perhaps it is best that most don't know. Public lynchings are best left to the legendary times of the old West.

By the time the world economy turns around, in maybe fifteen years, the world will be an entirely different place with many large corporations owned by various government entities, some of these entitites yet to be invented. Because of this, and because there is no way to win on Wall Street, except maybe to day trade and be lucky, it would behoove most formerly successful investors to hold cash until the value of stocks is completely deflated, or until they can understand and find a suitable investment, like farmland, to shelter them from risk. I would plead with you all to be cautious and think of your loved ones best interest in all the trades or transactions you make. Also, please consider the potential for rising crime and the steps that you may need to take to protect yourself and your family. The sad truth is that we have been victimized by scoundrels, and many of them are still in positions of influence and power. Good luck to all.


On Apr 05 11:52 PM @TexasER wrote:

> Northstar: this doesn't make sense. If money market funds collapse,
> it will be caused by a run...cash withdrawals.
>
> And if they break the buck and hand back, say $0.80 on the dollar,
> those people will not be keen to move back to equities.
>
> They'll probably buy physical assets. Which will get quite expensive.
>