1. Hedge fund selling is near the end
2. Dollar is going to plunge
3. FED is going to cut rate more aggressively
4. Commodity rally is coming
Is it time to short USD?
I just bought AA. It is on insane firesale.
I will write call if it pop to $20. Or I will hold it to collect dividends and for long term...
Too many bargains to pass by...
Fear is all over the financial markets. Money flees out of stocks, coporate bonds, and commodities. Many want to hold on to their cash to feel safe during this inevitable economy downturn. At the same time, central bank is injecting money directly to the banking firms. With all the effort, the credit market is still frozen like a giant iceburg. So cash has been raised to fill the big hole that has been created for the last decade. Nothing lef? [more]
It's time for FED to provide the floor for the stock markets of the world before the chance goes away.
No inflation risk since price of all commodities gone south (Crude Oil $72), in my opinion.
Gold is the safe haven of the economy downturn. I believe that gold is down because of excessive leveraged funds are getting margin calls and looking for cash to cover. They have to sell their winners quick. Just look at how fast the commodity stocks dive.
After these selling fraziness fades, gold will return above $1000/ounce due...
No risk of credit rating downgrade. I'll buying them with real $$$ tomorrow at these prices...
SWIR: $10 BV, $6.3 cash, closed @ $8 on 10/08/08. EPS $0.27 last Qtr.
NVTL: $6.6BV, $4.3 cash, closed @ $5.11 on 10/08/08
NVDA: $4.8BV, $3 cash, cloesd @ 6.92 on 10/08/08
Lowering credit rating on many banks, financial firms or GM like trouble business companies has come too late. Any rating downgrade on financial firms will only make the credit crunch even worse. Banks can't raise cash after seeing their stock dive. They have to cling to their cash so no lending for others. [more]
Our senators are mostly NUTS. They are focus on Flud's pay for the last 7 years.
We will never learn anything from this crisis.
700B bailout alone failed to inspire the market. It is now asking for rate cut.
If that happen next week, which sector will rally the most?
My bet is on gold diggers like GG, AU, AUY, KGC, GOLD. The reason is USD will sink and gold will go up.
Anyone see things differently ?
Why can't 700B or more been used to setup a few new good banks and lend money to people or companies with good credit rating? That will definately so the credit issues and make taxpayer money?