Whadda ya think?
Is this guy wrong (as usual)? Or does he make a good point?
Is the hot money cashed out of investment condos, and moving into tech stocks?
Time to buy stocks, sell real estate? Or time to get on the sidelines?
I did buy a big chunk of an international growth fund last week. Thinking wasn't asset appreciation as much as it was protection against dollar declining. Still have 60% in 4.5% - 4.75% dollar-based cash.
March 18, 2006
Saw a clip of Jim Cramer telling folks that people are fleeing real estate and getting into stocks
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11 comments:
I would avoid equities unless you it's really small stuff you know a lot about. If all the money is going to dry up soon, the new ventures could be looking for private placement money. There is so much rigging going on that its hard for the small guy to avoid getting used as cannon fodder by the crooked insiders. When it craters you can bet all the slimeballs will have cashed out months in advance.
Some kind of commodity based newco that might be taking advantage of alternative energy. I'm buying Canadian metals and oilsands stuff right now. You have to be really savvy in the sector to wade into the small stuff though.
Nothing we don't already know, IMO. Even the new "fact about a fact", i.e., now the mainstream CNBC viewer is in the "bubble has busted" camp as well, doesn't enhance what's inevitable -- a disastrous spring selling season will be the turning point, and it was gonna be a disaster even before Cramer made a lot of people start thinking twice about cashing out and/or not buying in.
Oh, and long gold and short HB's will both pay off handsomely in a year. Nothing's changed there either, not even the WLS market manipulation can stop that. (He desperately needed to bail somebody out of naked March put options IMO.)
Does anyone know anything about FOREX?
I got a form letter in the mail offering a FOREX Algorithm computer program for sale and a seminar. Should I stay or go?
Forex trading? Are you serious? Your highest return on investment play is probably to turn the letter over and make your grocery list on the back.
Why not just buy some foriegn stocks?
Come on, Forex trading? Go to Vegas, at least you'll get a few free drinks...or better yet, just send the money to me and I'll 'invest' it for you down at the local 7/11.
If you go to Cramer's website, and average out his best and worst picks, he is down 10%. My dad watches him every night, but I warn him to not buy into his advice. He says he doesn't and just views it as entertainment.
This is what I expected to happen. It will stave off our total economic collapse so I'm all for it. I hope the economy holds out long enough for me to get completely out of debt and stockpile some money so I can spend my days on a beach in Mexico reading about the calamity back home.
Thanks Guys, You all make me laugh.
I don't have time to go to a Forex Seminar anyway, I have to stay home and read this blog.....
The only stocks the money is going into is silver and gold stocks.
don't buy the hype...soon cash may be king...if not, you can quickly switch out of cash into stocks, bonds or foreign currencies. No need to panic just yet.
Yep, found your blog again and had an interesting read. If you like come and visit mine sometime forex broker
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