Will someone explain to me...

Billy Buckeye- You say " let logic rule". The only logic ruling now is greed. Our so called "leaders" only know how to take care of themselves and others of their ilk - at the expense of the common man. Expect more of the same as long as we have the same "leaders". When will enough be enough?
Quote

Originally posted by: INdianapaddler
If INdianapaddler has offended DonDiego, he begs forgiveness. It was not his intention. INdianapaddler is also poor and old, and his investments are not doing nearly as well as DonDiego's. As a matter of fact, when INdianapaddler retires, it may be to the hills of Appalachia to hunt possum to eat, where he may run into DonDiego and shake his hand.


DonDiego has already forgotten the offensive incident, . . . one of the advantages of old age.

This Spring has been interesting right here in DonDiego's neighborhood. The wildlife is more abundant than he recalls over the past few years.

No possum, but there is a groundhog living just down the hill somewhere in the tall grass. He ambles by occasionally on his way into and returning from the trees across the street.
There's one squirrel who comes out of the treeline nearly every day for a visit too.
And there's a cute chipmunk living nearby, who partakes of birdseed which has dropped beneath the feeders. He stuffs his cheeks to near bursting, and scampers off.
About 10 days ago, a flock of 8 wild turkeys sauntered by, also on their way into the treeline. They look just like the liquor label. They may have taken up residence in this forested area as well, since one has been observed occasionally in the yard since.
A day later a young male deer trod the same path, . . . and a young doe appeared a few minutes later, sniffed the air, and followed him into the brush.

Oh, oh! Last weekend a Black Racer slightly smaller than the one teechur and DonDiego saw last year showed up on the patio. DonDiego sat himself in a patio chair and watched him until he slowly slithered off into the lawn.

The birds visiting the feeders seem much more numerous. And teechur and DonDiego added two species they'd not seen before to the list of birds observed: two yellow-rumped warblers and a pair of brown thrashers.
Oh, and a pair of robins has built a nest in the hedge just beside the front door, . . . DonDiego is hoping for babies! A pair of cardinals are investigating the other end of the hedge too; they are clearly in love, as they feed each other seeds.

Anyway, DonDiego's seen no possum, but INdianapaddler is welcome to the groundhog.
Groundhogs are easy, a bit of recon to find all of the holes and then wham-o! Plug up most and leave a few open, watch and then when it least expects it...........groundhog stew.
It's not going to be too long before the market collapses. I'm getting ready to short the market as we speak.

Now, why would you say that, BAGIANT??
I'm with everything posted above. I'm ready to short pretty soon,but i dont think we've quite crested yet.
When i do turn bearish I think i'm gonna just go with ETF's.Shorting individual stocks makes me restless at night. I remember way back when, I shorted AOL @160 or so. Was the biggest bet,or close to it,that i had ever made. Sure as shit they announced a stock split couple days later.This back inthe day whenever a split was announced,people went apeshit. Good thing i didnt panic,i stayed the course for a few weeks and finally got out with a small loss.WHEW! Those couple weeks were pretty restless sleeping..
Anyway, these are ETF's i've scouted so far.
For tech REW
For SP500 SDS
For silver ZSL (i'm gonna put some in this pretty soon i think,watching)

Anyone know others? Any stocks in particular you would outright short? I know a couple I just canNOT see the value in the likes of panera bread or chipotle. Coupla hundred stocks? I just cant see it. Damned if i got the balls to short them tho. (see sbove LOL)

JOHN
Wall Street is up about 44 points as of this post. But according to some, this is just the run-up to the coming crash-and-burn.

It almost makes me yearn for President Ronald Reagan and his message: "It's morning in America!"

Disclaimer: INdianapaddler does not have any current investments in the stock or bond markets, and expects he will have to work until his dying day.
Quote

Originally posted by: BillyBuckeye
. . . The Fed keeps printing more money and USA credit is horrible.
I fear the continued rise in gas prices will tip the very fragile US economy over into a dramatic downward spiral.
Quote

Originally posted by: BAGIANT
It's not going to be too long before the market collapses. I'm getting ready to short the market as we speak.
Quote

Originally posted by: jatki99
I'm with everything posted above. I'm ready to short pretty soon,but i dont think we've quite crested yet.
Quote

Originally posted by: INdianapaddler
Wall Street is up about 44 points as of this post. But according to some, this is just the run-up to the coming crash-and-burn.
Holy-Moly ! And INdianapaddler claims DonDiego spreads gloom-and-doom!

The US economy is, in fact, not in good shape. One should consider the understated inflation numbers, the understated unemployment numbers, the record numbers of those on welfare, food stamps, Medicaid, and unemployment, . . . and lots of other things to realize this.
The crisis of 2008/2009 was primarily caused by excessive debt. To correct this, the US Government has created, . . . ever more debt. And the Congress has passed ever more expensive programs, . . . which it cannot pay for, . . . so one should expect, . . . umm, dare DonDiego say it, . . . ever more debt.

What is one to do?

Well, in 2007 DonDiego came to believe that the housing implosion was inevitable. He read the right analysts. For about 15 months he sold most of his stocks, as he has documented elsewhere in this Forum. The 15% or so which he kept fell during the 2008/2009 crash, . . . a lot. The one stock which he retained most of fell to 95-cents.
After the bottom in early 2009 DonDiego started buying back in. Among the first things he bought was more of the one stock he had kept throughout the collapse; in fact, he bought a lot more as it rose. Today it hit an all-time high of $10. And he owns a lot. A whole lot!

But the question remains, what is one to do now?

Things are not so clear. And some things are unprecedented, . . . like just yesterday, the Chairman of the Federal Reserve gave the first news conference ever for a Chairman of the Federal Reserve. And he said, . . . as everyone waited to call their stock brokers or hit their sell buttons, . . . . or maybe buy buttons, . . . anyway, he said that he'd continue the current policy.
Whew! Actually he couldn't say anything else.
Here's Mr. Bernanke's dilemma:
__If he stops or slows buying US Treasury Bonds interest rates will rise, and the economy will slow from where it is, . . . and it is none too strong now. (n.b. Interest rates will rise because there are not enough buyers at current rates to make up for the roughly $130-billion in bonds which the treasury is buying every month right now.)
__If he buys more or lowers interest rates, inflation will increase. Food and gasoline already reflect significant inflation; a significant increase would soon lead to an ever-more recognizable decrease in the citizens' standard of living. No one wants that.
So the policy remains muddle on, . . . and hope. And the market did little.

OK, things are not so clear, . . . so what is one to do now?

DonDiego is watching and waiting. Some of his stock holdings have recently begun to decline. DonDiego doesn't expect to sell at every peak, or maybe even any peak . . . but at some point he'll decide that he believes the peak has passed for some stocks and begin to sell. Maybe slowly like in 2007, maybe faster, as some posters above suggest they will. It all depends what happens and how DonDiego interprets what happens. But he is nervous. (He is most unlikely to sell short; that is a bet with no inherent loss-limit he has always chosen not to make.)

DonDiego suspects if the Government must choose, . . . if in fact it still can choose, . . . it will choose higher inflation over deflation.There's lots of reasons, . . . among them simple hubris - Mr. Bernanke believes he can control inflation.
And there's some advice DonDiego read, maybe 30 years ago or so. Somebody wrote that because the Germans had suffered through an inflationary depression, they'd never do so again if they could do otherwise; they'd prefer to suffer deflation. And, likewise, he wrote that because the Americans had suffered through a deflationary depression, they'd never do so again if they could do otherwise; they'd prefer to suffer inflation.

Perhaps the reader and DonDiego shall find out.

DonDiego says: "Be alert !"

Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now