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David Rockfeller On Ron Paul / RP Supporter Calls Market Crash

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January 27, 2008 – Comments (5) | RELATED TICKERS: SKF , SRS , GLD

Again I know fear sells, I prefer a happy endings, world peace etc.... The fact that everyone is calling for recession makes me want to consider getting long, but the trend is down and the trend is your friend.

 

FYI - 1.23 David Rockefeller On Ron Paul. Personally I do not like bothering old guys, but at least Mr Rockefeller is approachable. I am not sure the reporter will be if they put him cement shoes and take him swimming, just kidding, just kidding seriously, I am kidding. Happy ending, happy ending, no negative thoughts, happy ending….

 

Ron Paul Supporter calls Other Ron Paul Supporter to Sell or Get Short!

It is tough to argue with the passion, the red power tie or the sophisticated sounding accent. The market did crash as he said, but Helicopter Ben came in and the market rallied a little. I picked up more SKF during the rally. Although fighting the FED and the Plunge Protection Team have the same odds as 1939 Polish Calvary charging 1939 German Armor with lances.

5 Comments – Post Your Own

#1) On January 28, 2008 at 8:38 AM, CycleFreak7 (< 20) wrote:

When everyone is screaming to 'sell, sell, sell!' that means it is time to buy. Is now really the time to sit on cash? Yeah, great plan ... watch as your USDs devalue by 4% or more. Pffft.

Just like 3rd and 4th quarter last year when most so-called experts were saying that the S&P + DOW were only going to go higher, therefore you should be buying more - despite hitting all-time highs. What that really means is that it's time to sell.

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#2) On January 28, 2008 at 9:01 AM, abitare (87.76) wrote:

Marc Faber, who I like a good comment in Barrons 13 Jan 08:

Faber: Equity prices have increased in dollar terms, but in euros the S&P 500 is down about 45% from its peak in 2000 and the Nasdaq is down 60%. Measured in gold, the markets have done horribly and the economy has been in a recession for a long time. I'm not bullish about U.S. stocks, but everything is so bad on a global basis that they might do better on a relative basis. That doesn't mean they go up, but the U.S. market might go down less than China, India, Vietnam and some of the other markets that are in cuckoo land. These markets have gone up because people believe in decoupling. Economically we could see a decoupling, whereby the U.S. is in a recession and China still grows by 5% or 10%. The financial markets won't decouple. Unless, Mario, they reintroduce that uptick rule.

Five years ago I visited family offices and financial institutions that had practically no exposure to international stocks. Today the same people have 50% of their money in emerging markets. Valuations in these markets aren't compelling any more, except for real estate in emerging economies.

 

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#3) On January 28, 2008 at 10:16 AM, GS751 (27.50) wrote:

look at my picks I'm a bull on gold... but very bearish on real estate, banking and other US stocks, I am a bull in China just like Jim Rogers book but I do not like Chinese real estate it is a bubble right now.  I am not touching any longs.  The only long I own in real life right now is Western Union.

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#4) On January 28, 2008 at 11:11 PM, AnomaLee (28.64) wrote:

LOL @ sell it all....  

I can't believe I listened to this guy tell me to sell everything and sit in cash for 5 fricking minutes. I mean I've already hedged my money, but maybe what he should've said was sell it all and sit on cash after you've moved to Canada or Mexico?

I admire Ron Paul for actually standing up and questioning institutions, but he hints about abolishing the FOMC and having Capitol Hill in charge. WOW - Would anything ever get done?

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#5) On January 29, 2008 at 12:51 PM, abitare (87.76) wrote:

GS751,

"bull on gold... but very bearish on real estate" is a crowded trade, but it has been working. I have and will accumulate gold and silver coins. I like a hard asset hedge in case we go into WWIII. And I can trade my coins for some sort of Mad Max style vehicle, uniform and weapons.

"Who controls  Bartertown?"

"Abitarecatania!" the crowd will yell with fear. 

BREAK ------------------------- 

AnomaLee, 

The US market is down 10% in Jan. Sitting on cash has been a decent play.  The best play has been gold, silver, commodity type investment etc....

To quote billionaire Jim Roger: 

"Ron Paul is the only presidential cannidate, who has any idea what he is talking about".

Dr Paul is the smartest and most honest politcian  to run for president in my lifetime. I have no idea, why he would bother to take this awful job on? I recommend you watch Ron Paul at the Google campus and make a more informed choice. 

Because life in Barter Town with Abitarecatania in control will be difficult. If you break a deal you WILL spin the wheel!  

"But we've learned; by the dust of 'em all, Bartertown's learned. Now when men get to fighting, it happens here and it finishes here.
Two men enter. One man leaves."

 

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