So, uh, what am I supposed to buy?
February 04, 2010
– Comments (29)
With the Snowpocalypse bearing down on DC and the market going to pot, what am I supposed to do with my money? It appears there are no good answers. Everything is going down hard.
First, we have Nick Taleb saying that "every single human being" should be short Treasuries. Take that freespending U.S. government. And put the dollar on that scap heap with it.
Short-term bonds? Not a good bet, according to fellow Fool Dan Caplinger. With interest rates already so low, you only stand to get crushed when the reversion to the mean takes place.
Long-term bonds? You'd have to be truly stupid. Again, interest rates are low and because the market continues to be risk averse, bonds are in a bubble.
Stocks? Have you seen the market today? Now is the time to panic.
Gold? That, too, is a bubble.
Real estate? Apparently, the Case-Shiller index is pointing to a double-dip in home prices.
Commercial real estate? That's the next shoe to drop.
China? That's a bubble even Jim Chanos is shorting; you'd be daft to go against him.
Commodities? Another bubble.
Europe is about to implode. Emerging markets are still too small, too corrupt, and too risky. Even the stalwart -- BERKSHIRE HATHAWAY -- just lost its AAA rating.
The end is nigh Fools. Buy a shotgun and some canned tomatoes.
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