Investors....come in please!

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Going to look for some pullbacks in May - July to get some better deals.

Interested in a few including PG, but will keep most of the powder dry.
 
FTR is at $3.26 now. Should be a good buy, but I want to see it break the trend down. 11.8% Yield, baby! Ex-Dividend date is in a few weeks...

Thoughts??
 
Market as a whole is on a major downturn over the last week ... anyone have a theory on when it's going to stop and turn around?
 
Originally Posted By: Warstud
Originally Posted By: ZeeOSix
anyone have a theory


May 14th


Is that "dart board" theory, or is there some real basis? I'd really like to get in and ride the next wave up.
 
Originally Posted By: ZeeOSix
Market as a whole is on a major downturn over the last week ... anyone have a theory on when it's going to stop and turn around?


What's the old saying? Sell in May and go away!
 
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Originally Posted By: ZeeOSix
Originally Posted By: Warstud
Originally Posted By: ZeeOSix
anyone have a theory


May 14th


Is that "dart board" theory, or is there some real basis? I'd really like to get in and ride the next wave up.


It's a stock market cycle bottom which needs to be confirmed by the charts. Could be + or - a few days though. GL
 
I picked up some PG to go along with already held ETP & COP for long-term Dividend re-investment growth.
 
I shorted gold and the S&P on Friday. I'm biting my nails. I think precious metals are going to drop at least another 10% before resuming the long term bull run.

It's funny how we complain about how bad things are in the US fiscally/monetarily/economically, but the rest of the world, especially Europe and even China, is WORSE off, so everyone's flooding into the dollar and treasuries.
 
Originally Posted By: Drew99GT
I shorted gold and the S&P on Friday. I'm biting my nails. I think precious metals are going to drop at least another 10% before resuming the long term bull run.

It's funny how we complain about how bad things are in the US fiscally/monetarily/economically, but the rest of the world, especially Europe and even China, is WORSE off, so everyone's flooding into the dollar and treasuries.


Good luck with that...

I'm not selling the few stocks I bought on pullbacks. If they go lots lower, I'll just buy more with the sidelined cash to lower the overall cost basis.
 
Originally Posted By: Pablo
Gold will POP at some point.........it's been hard to judge for me.

For stocks let's watch this week. I'm a LOT in cash right now.


I think gold's an indicator of the chances of a Euro bailout. Right now, the chances are dimming with each socialist win in elections.
 
Originally Posted By: Drew99GT
I shorted gold and the S&P on Friday. I'm biting my nails. I think precious metals are going to drop at least another 10% before resuming the long term bull run.

It's funny how we complain about how bad things are in the US fiscally/monetarily/economically, but the rest of the world, especially Europe and even China, is WORSE off, so everyone's flooding into the dollar and treasuries.


Yeah just 4 years ago many were screaming about the U.S. becoming the next Greece. In fact, one presidential candidate made that comparison. Except he failed econ 101. The U.S. has it's own sovereign currency, Greece doesn't. Flawed comparison.

And how about all that inflation!?! Don't worry, it's coming. Sometime in the future. You'll see. LOL.

http://www.bloomberg.com/news/2012-05-15...limbs-0-2-.html
 
You know what Buster? I'm starting to come around "a little" to your modern monetary theory. In fact, I'm starting to come around to the realization that any precious metal based currency would never work. Doesn't mean we don't need currency and banking reforms or that commodities won't return their long term uptrend and finally bubble out, but in the short term, it looks like deflation (at least in core commodities) is again a bigger threat. I hope that trickles down to the gas pump and the grocery store some time soon.
 
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I think a lot of neo-classical econ is wrong on monetary policy/macro econ. Steve Keen has a great book on this. It centers around economic models that fail to capture how the banking/government sector work in a modern, fiat based economy. There is nothing really new about it. Steve Keen, Hyman Mynsky and many other economists support it. Warren Mosler is a great source for MMT related info. Still a minority view point.

History has shown that banking is often prone to panics, which can wreak havoc on the economy. In the Gilded Age, there was very limited government and no Federal Reserve. There were panics every 6 years and some were pretty bad. A gold standard is just not realistic and it won’t solve anything. There were just as many if not more problems under that system as well.

In this day, a lot of deregulation started in the early 80’s. S&L, Enron, repeal of Glass-Steagall etc. Of course the 2008 crisis. But there is still so much work to be done to reform the system that is apparently still in bad shape. Lack of transparency and dangers remain.

From the late 30's through 1980, financial crises were rare and small.

It's complicated and there is a lot involved.

I think we think we are turning into Greece but reality suggests Japan. Btw, MMT does not suggest you can spend forever without consequences. Inflation will always be a threat. Gets over blown though Imo.
 
Originally Posted By: Drew99GT
You know what Buster? I'm starting to come around "a little" to your modern monetary theory. In fact, I'm starting to come around to the realization that any precious metal based currency would never work. Doesn't mean we don't need currency and banking reforms or that commodities won't return their long term uptrend and finally bubble out, but in the short term, it looks like deflation (at least in core commodities) is again a bigger threat. I hope that trickles down to the gas pump and the grocery store some time soon.


Given that PMs, besides some relative lack of abundance, are really as arbitrary as anything else, I dont know that their "value" as a currency (besides that it is neat to collect old coins) is that great, so long as free printing of money is disallowed, and if money is printed, it can indeed be hastily reigned back in.

But what PMs, or coal, or any other arbitrary store of value does is provides a relatively consistent valuation point, so that if zeros, or fractions of a zero get printed on the currency, what you are holding is constant. The ratio of currency to the item changes, but the holder of the item still holds the value.

The issue with gold is that supply and demand makes this not as direct, as speculation and desire to acquire the item drives a price structure change that can effectively make the "constant" valuation no longer exist. Then it is just more money chasing less goods, which is inflation all the same.

So then one is playing ratios and lesser evils.

The real money bought in 98 when the central banks were dumping. Its just collecting dust in a safe deposit box someplace. When I worked in that, there were a ton who would buy many ounces each time I saw them. Collectible US $20s in AU/UNC could be had for $400!
 
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