November 05, 2007
– Comments (3)
Sooo, what if we can't fall back to plastic, folks?
Nice article, you can find more data regarding the saving and credit for the american household in the following link:
However, i disagree with your previous blog where you suggest that we should not buy stock now. If there is far more trouble ahead, i would rather buy foreign stock or commodities to protect myself from a dollar devaluation. From the argentinian crisis, i learned that a financial crisis often end up in a monetray crisis...I will avoid holding dollar at the moment.
No, can't be. Subprime has been contained for a while now... Contained to Earth! Suckers! I'm waiting for that "revenue" jump over at MA to turn into a "liability" jump. Yet the vultures are still engaging in group think... Wow.
MA is not a good short target since it essentially just rents out its name to the banks who own the credit card charges. I shorted it a few months ago but stayed out for a while now Lucky me, I guess.
Better targets would be DFS, AXP, COF, WM, WFC, BAC. I suppose WM could be considered a double whammy. There might be a crack underneath WFC strength, just guessing.
Disclosure: I hold SKF and short positions, off and on, on those short targets listed above.