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Jim Rogers, Marc Faber, Nouriel Roubini 20-22 OCT and Reliable Investments (Videos)

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October 22, 2008 – Comments (12)

If you want to know why the market was down so much in the last couple of days look at who was on Squawk Box this week:  

 

1. Jim Rogersyou have got to get out of the dollar…the FED should be abolishedon 22 Oct 08

 

2. Nouriel Roubinithis is the worst financial crisis since the depression…the DOW will go to 7000” on 22 Oct 08  

 

3. Marc Faber the US will go bankrupt, it is just a matter of time” on 21 Oct 08

 

Jim Rogers 22 OCT 08

 

 

Roubini on The Unfolding Financial Crisis P1 22 Oct 08

 

 

Roubini on The Unfolding Financial Crisis P2
Roubini on The Unfolding Financial Crisis P3

 

Marc Faber: World in a vicious downward cycle. “we are terribly oversold…

 

Reliable Investments (SNL)

 

 

On Me

 

I still have the high score in this Space Invaders of Stock picking, CAPS. I have added a couple of groupies, so I figured I would provide them with some background.

 

I have two accounts here on CAPS:

 

Aresfinancial is a shameless point chaser. He is now number one in points.

 

abitarePERFECT was created to shut up the NEWBIES, who mocked Ares, accuracy or points average or overtrading. He is now ranked 11 over all and Top 20 in points.

 

I also have an account you can watch at updown.com, under abitarecatania

That account is up 100%, you can look at actual dollar holdings and positions, as I would play them.

 

Remarkably, I have 180 groupies here and only 3 there? I talk more here, but more tactical application is there.

 

I was raised in the US, but lived outside of the US for years, I have traveled to Europe, Africa, Asia and the Middle East. I have no good reason to waste this much time "playng CAPS"

 

On Obama for my Mom (SNL Humor)

 

 

 

12 Comments – Post Your Own

#1) On October 22, 2008 at 9:58 PM, TheGarcipian (65.72) wrote:

Abita, you rock, dude. I've been "playing" CAPS for two years now and the best I'd managed to do was to get to #26 overall back on Oct-12-2007, right when the market was peaking. Since then, I've slid to the lower-half of the Top 1000 and have been slammed in points and accuracy with this market's woodshed beating, not having enough time to watch my picks here in CAPS and in the real world. (I prefer to watch the real world more closely).

Honestly, I don't have nearly the amount of time I'd like to have to read so many of the blogs and pitches, but can you tell me honestly and easily what your secret is?  You've bitch-slapped us all with abitarePERFECT's meteoric rise in 7 short months. I promise I'll check back here for your answer. Thanks, seriously, for any insight you can toss over for specific investments in the next 6-12 months, or general sector advice. I'll shamelessly take whatever I can get!

Thanks, and again congrats for killing us all,
--Gar

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#2) On October 22, 2008 at 10:29 PM, Tastylunch (29.26) wrote:

I've been a abitareperfect groupie for a long time. One of the three, one of the proud! To be honest I think A lot of CAPS players are straight up pure dogpilers, probably because many are new or inexperience. I do think CAPS is a great learning tool if utilized properly. It's been great for me, and I thought I was pretty experienced/good before starting

Yeah you certainly know way more than enough, you certainly don't need to play CAPS at all, might as well use that knowledge/skill to maxmize your wealth/health and then play CAPS when its convenient.

I don't think it's any accident everydayinvestor is around a lot less these days :-). I try to limit my blogging to about 5 or less a month in the interest of spending time on stuff that actually makes me money.

Well I know you are toying with retirement, maybe emeritus status would be the best of both worlds? My old college profs seem to love it:-)

 

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#3) On October 23, 2008 at 1:33 AM, abitare (39.45) wrote:

ALCON,

Thanks for the replies.

TheGarcipian,

honestly and easily my secret =

luck + timing + following the right ideas + flexibility  = my position

I got out of the commodity bubble early (and watched the other commodity bulls climb) eventually it reversed I went from 4 to 9K in points. The commodity bulls were cut in half. Also the short ban by the FED, made me UBER BEAR,and that has worked.

Where are we going?

I expected DOW to 10k this week, but the line up on CNBC has killed the market IMO. People are scared and the politics of an Obama victory are scaring mainstreet too, as McCains' campaign is imploding. Iceland and Argentina are imploding. Russia is playing cold warrior. Government ineptitude, plus the Brenton Woods agreement is being renegociated. Plus Buffetts' raping of two of the biggest US companies with a 10% preferred dividend. Most dividend paying stocks were at 1-3% payout, Buffet is gettting 10%. So why am I only getting 1-3%?

Buffetts money is just as green as mine. Capitial is capitial.

I am a long term commodity bull, acting like a bear. Until it is safe to become a bull again.

Also Paul Volkner aka Gandolf the White has reemerged. Volkner took interest rates to 20% under Regan. You do not want to own stocks if you can get double digits in Treasuries 

Tastylunch,

Good to hear from you. I need to focus on my real portfolio more. No big deal. There is a balance.

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#4) On October 23, 2008 at 11:30 AM, anchak (99.84) wrote:

I have been a long term groupie......You are an outstanding investor - no question. Additionally, your posts are extremely insightful also.

What it takes is guts - something a lot of us lack. I kept on repeating to myself that the oil bubble was unsustainable - yet the only thing I did on CAPS was to short USO , OIL etc ie the Oil ETFs and kept the green thumbs on all commodity stocks. And in real life - well no shorting and all long. 

Its been a costly lesson!

 

 

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#5) On October 23, 2008 at 4:43 PM, kdakota630 (29.53) wrote:

Congratulations on two milestones today:

1)  Breaking the 10,000 point mark.

2)  Your other profile cracking the top 10 (currently #6).

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#6) On October 23, 2008 at 6:21 PM, TDRH (99.68) wrote:

I am a groupie of both CAPS accounts.

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#7) On October 23, 2008 at 6:36 PM, lquadland10 (< 20) wrote:

Hey Aba, I have no good reason to waste this much time "playng CAPS"     Because you are a kind man who teaches us less learned people. I would have had to spend 10 years and a million dollars to learn what I have learned from you in this past year. From the stock market to our banking system to prision planet and what not. The Black Swans may be flying high but I see the Red Swans flying higher. Then somewhere out of the blue comes a White Swan. My humor at still trying to break the language codes of people all over the world. Hope you are feeling better. I liked the last piece of humor for your mom. Do you do any for your dad?  Thanks for everything. Fool On.

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#8) On October 23, 2008 at 6:40 PM, lquadland10 (< 20) wrote:

What is an IMO?

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#9) On October 23, 2008 at 7:02 PM, Tastylunch (29.26) wrote:

lquadland10

imo= the phrase "in my opinion"

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#10) On October 23, 2008 at 11:10 PM, d1david (29.21) wrote:

I just sent you a message as to why no groupies on updown.  I sent it through updown.

-David 

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#11) On October 24, 2008 at 12:47 AM, AnomaLee (28.58) wrote:

I enjoyed Nouriel Roubini who has been my favorite economist. Economics is like quantum physics --- it's difficult to understand and current models are only good enough to predict the odds of occurring and not the actual outcomes. Roubini has always fit this format.

I'm glad you've managed to maintain your rating, I was the second "groupie" you had on your other account, but I had to bump it off. I've tried to focus my favorite players on CAPs to active bloggers. My view of the bloggers here do not change depending on scores rising or falling, but it seems to matter to those who fit the term 'groupie'. I guess the wrapping is more important than the contents, but hopefully it will garner your writings more attention.

I imagined this lower market for quite some time, but I didn't imagine it to be as dramatic as it has been and how that impact affected so much. I'm young and  inexperienced so this is my first real bear market since 2003. However, I've been very satisfied with the performance of my virtual accounts and my personal accounts. I've evolved a lot as an investor over the years thanks to the amount of information available because of the people who've taken the time to share their knowledge.

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#12) On October 24, 2008 at 4:19 AM, abitare (39.45) wrote:

d1david,

I will take a look.

AnomaLee 

The speed and size of the sell off has been amazing. If you are an active investor and on the right side of this market, you can really make some decent returns.

 

 

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