Mega Fronts Metalman

[Mega]

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

[unlucky]

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.

[icm63]

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 !

[hayekvindicated]

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.

[Mega]

Re: Mega Fronts Metalman

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

Mike

[Mega]

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 !

1X "SH" ?
Mike

[metalman]

Re: 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

what's cheap? buy that.

[pianodoctor]

Re: 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

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.

[Mega]

Re: Mega Fronts Metalman

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

[icm63]

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 !

[Finster]

Re: Mega Fronts Metalman

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]

Re: Mega Fronts Metalman

what's cheap? buy that.

Uhhhh ... USD ??? :eek:

[Mashuri]

Re: Mega Fronts Metalman

Uhhhh ... USD ??? :eek:

In the medium term, this may be a great call. Will iTulip take credit for it? :p

[gasull]

Re: Mega Fronts Metalman

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.

[pianodoctor]

Re: Mega Fronts Metalman

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

Spring '07. Right after I first discovered the book.