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Mega Fronts Metalman

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  • Mega Fronts Metalman

    Ok, Metal
    My Euro-pac statement arrived this morning, it seems to have recovered most (not all) of my 2008 loses. I have a lot of cash from the sale of a few things...........Ok Big shot heres the question.

    Should i buy stocks now or wait?

    Lets see your "Advice"...........If you dare......or are you simply "wise AFTER the event?"

    Mike

  • #2
    Re: Mega Fronts Metalman

    I can't answer for metalman but my advice is don't buy stocks - are you freakin' nuts !!??

    Other folks have pointed out : stocks are way over-valued even if the economy is in a sustainable recovery. And if you don't believe the recovery is sustainable? It would take hyper-inflation to justify stocks at these prices - but Ben has surprised everyone by making noises like he is actually going to start tightening in some way or other. The guy is a boy scout. Stay away.

    Comment


    • #3
      Re: Mega Fronts Metalman

      YOU may find this interesting....

      http://www.itulip.com/forums/showpos...&postcount=176

      BUY BEARISH funds of 1x like SH etc

      Have a nice day !

      Comment


      • #4
        Re: Mega Fronts Metalman

        Mike, if I had a lot of cash, I'd stick it in USD and JPY mostly. I don't think its wise to keep all your cash in Sterling.

        Other than that, I have no other ideas at this point. I think stocks have had a ferocious rally and this is not the right time to pile in. I wouldn't go short either by the way (I shorted Indian stocks and lost a little bit of money doing that - I closed my position a while back). I think stocks will eventually drop a fair bit and provide another buying window - at that point the things to buy will be resource producers.

        I would not buy gold at these prices - although I think that it will appreciate a hell of a lot from here long term (in USD and Sterling). Its just that I don't think Im buying any more gold now - Im going to sit and watch what happens from here.

        Comment


        • #5
          Re: Mega Fronts Metalman

          Got all the PM's i want, might want a Gold Miner.......but where is our Hero?

          Mike

          Comment


          • #6
            Re: Mega Fronts Metalman

            Originally posted by icm63 View Post
            YOU may find this interesting....

            http://www.itulip.com/forums/showpos...&postcount=176

            BUY BEARISH funds of 1x like SH etc

            Have a nice day !

            1X "SH" ?
            Mike

            Comment


            • #7
              Re: Mega Fronts Metalman

              Originally posted by Mega View Post
              Ok, Metal
              My Euro-pac statement arrived this morning, it seems to have recovered most (not all) of my 2008 loses. I have a lot of cash from the sale of a few things...........Ok Big shot heres the question.

              Should i buy stocks now or wait?

              Lets see your "Advice"...........If you dare......or are you simply "wise AFTER the event?"

              Mike
              what's cheap? buy that.

              Comment


              • #8
                Re: Mega Fronts Metalman

                Originally posted by Mega View Post
                Ok, Metal
                My Euro-pac statement arrived this morning, it seems to have recovered most (not all) of my 2008 loses. I have a lot of cash from the sale of a few things...........Ok Big shot heres the question.

                Should i buy stocks now or wait?

                Lets see your "Advice"...........If you dare......or are you simply "wise AFTER the event?"

                Mike
                I am curious when you got into Euro-Pac (date) because while you have recovered most, I am way, way down. I mean WAY down.

                Comment


                • #9
                  Re: Mega Fronts Metalman

                  When you buy in?
                  Mike
                  (Am Waiting Metal!)

                  Comment


                  • #10
                    Re: Mega Fronts Metalman

                    Symbol : SH

                    http://bigcharts.marketwatch.com/qui...&freq=1&time=7

                    Its a bear fund 1x ( ie not a 3x bear fund ) or 1 to 1 SP500, but negative !

                    Comment


                    • #11
                      Re: Mega Fronts Metalman

                      Originally posted by Mega View Post
                      1X "SH" ?
                      Mike
                      That would be ProShares Short S&P500 SH:NYSE Arca. Inverse S&P 500 ETF. Milder than the 2X & 3X funds so you can hold it longer without getting scalped.
                      Finster
                      ...

                      Comment


                      • #12
                        Re: Mega Fronts Metalman

                        Originally posted by metalman View Post
                        what's cheap? buy that.
                        Uhhhh ... USD ??? :eek:
                        Finster
                        ...

                        Comment


                        • #13
                          Re: Mega Fronts Metalman

                          Originally posted by Finster View Post
                          Uhhhh ... USD ??? :eek:
                          In the medium term, this may be a great call. Will iTulip take credit for it? :p

                          Comment


                          • #14
                            Re: Mega Fronts Metalman

                            Originally posted by Mega View Post
                            Should i buy stocks now or wait?
                            Aren't you a contrarian? Both contrarian inflationists and contrarian deflationists agree on not buying stocks right now. If EJ, Mish, Prechter and Shiff agree on something is on not buying stocks.

                            Comment


                            • #15
                              Re: Mega Fronts Metalman

                              Originally posted by Mega View Post
                              When you buy in?
                              Mike
                              (Am Waiting Metal!)
                              Spring '07. Right after I first discovered the book.

                              Comment

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