Tuesday, July 22, 2008

Wednesday, July 16, 2008

God, this is hilarious!

Wednesday, July 09, 2008

OK, one last time. In case you didn't get it the first time. Or second. Or third, or fourth... I am also taking the unprecedented step of disclosing my current picks. These are not suggestions/advice/more legalese, just provided FYI. Before going there, though, read:

Housing market slump seen stretching further
and
The worst may not be over on Wall Street

OK, now, here goes:

FSAGX
GLD
GOLDX
FXE
MERKX
XLE
CEF
DBA
DBC
DBE
DBO
EEB
USO
WTIBX

I'll refrain from saying what percentages, etc. But most ordinary investors (like myself) have little or no idea that yes, they can get in on oil, etc., without having to buy or deal with futures as such and the details associated with it. Consumers are on the paying end of this mess. As an investor, it's much better to be on the selling end. If you're paying 2-3 times as much for gas this year than 2-3 years ago, then don't you think it's wise to offset these new costs as much as possible by getting into the selling end of it? To me, it is an easy decision. Same for other commodities, too, like grain, corn, etc.

Update: Read this. Frankly I think this is a terrible thing to be doing but really, what else can we do? The dollar will, IMHO, take a huge beating for this move-- unless the EU decides to follow suit by some measure and so keep the EUR and USD roughly at where they are now. They would have to devalue the EUR to do this though, possibly quite radically, and so hurt their own trade with Asian countries and the Middle East. Spanish and French truckers are already protesting and blocking borders, so what would a EUR devaluation due to their already really bad situation? There is no good solution to this problem. "No exit," as it were. This is just a really bad situation that will just need to play out. Of course gov'ts can do things to lessen the damage but they have to be right at damn near every turn, get the timing just right, and know exactly how much to intervene. Those are big odds for anyone walking up to this table.

Thursday, July 03, 2008

I love this girl. She is absolutely the limit!