nervous about all markets, including precious metals

[Spartacus]

almost all asset classes up ... everything correlated

remind you of anything?

How about late 2005 and into 2006?

In Canada housing prices have not fallen much ... the talking heads on radio go on and on about mortgage affordability, rates at historic lows ... no mention of employment instability and future ability to service debt, so I'm even worried about that.

My parents were scared & upset earlier, my dad angry at himself for not selling his stocks earlier.

Now he's convinced himsef all is good & he's one smart dude. I tried to convince him to sell some stocks while they've recovered (somewhat) & buy some 3 month government bonds.

No go ... fear, greed, fear, greed ... the cycle continues, and somehow I can't convince them to take a less risky route.

And Canada's real estate's a mild case ... if I were Australian I'd be p*ss*ng blood or sh*tt*ng bricks. Not to say Australia's denouement will be worse (I'm still convinced there's bad news being hidden in Canada), but the Australian situation looks like abig ol' aneurysm in the brain about to go ....

[thunderdownunder]

Re: nervous about all markets, including precious metals

And Canada's real estate's a mild case ... if I were Australian I'd be p*ss*ng blood or sh*tt*ng bricks. Not to say Australia's denouement will be worse (I'm still convinced there's bad news being hidden in Canada), but the Australian situation looks like abig ol' aneurysm in the brain about to go ....

Have you not heard - we are different because we have Kangaroo's :rolleyes:

Truth is because we live down under, we have a mental misunderstanding of the effects of gravity. That plus having kangaroos convinces us we are "Teflon Coated"

[goadam1]

Re: nervous about all markets, including precious metals

It's just you. They rest of us are enjoying roller coasters in Zirpland.

It's hard to value things in Zirpland. To practice zero gravity they take you in a plane and drop you. As everything falls to earth it seems like zero gravity.
Looks like phase 3 to me.

almost all asset classes up ... everything correlated

remind you of anything?

How about late 2005 and into 2006?

In Canada housing prices have not fallen much ... the talking heads on radio go on and on about mortgage affordability, rates at historic lows ... no mention of employment instability and future ability to service debt, so I'm even worried about that.

My parents were scared & upset earlier, my dad angry at himself for not selling his stocks earlier.

Now he's convinced himsef all is good & he's one smart dude. I tried to convince him to sell some stocks while they've recovered (somewhat) & buy some 3 month government bonds.

No go ... fear, greed, fear, greed ... the cycle continues, and somehow I can't convince them to take a less risky route.

And Canada's real estate's a mild case ... if I were Australian I'd be p*ss*ng blood or sh*tt*ng bricks. Not to say Australia's denouement will be worse (I'm still convinced there's bad news being hidden in Canada), but the Australian situation looks like abig ol' aneurysm in the brain about to go ....

[touchring]

Re: nervous about all markets, including precious metals

Have you not heard - we are different because we have Kangaroo's :rolleyes:

Truth is because we live down under, we have a mental misunderstanding of the effects of gravity. That plus having kangaroos convinces us we are "Teflon Coated"

Ironically, the downfall of America is benefiting the Canadians and Australians.

[Down Under]

Re: nervous about all markets, including precious metals

Ironically, the downfall of America is benefiting the Canadians and Australians.

How so?
...

[medved]

Re: nervous about all markets, including precious metals

almost all asset classes up ... everything correlated

remind you of anything?

How about late 2005 and into 2006?

IMHO we see cash returning from sidelines to the markets (except housing). I guess, there is less leverage but still, this process can take a while. We, the bears need to be cautious and patient.

[touchring]

Re: nervous about all markets, including precious metals

How so?
...

In the past, people hoarded dollars like gold, which makes commodities worthless or worth less. The perceived high value of the dollar allowed the US to import commodities at depressed prices.

Today, dollars are avoided by private businesses outside the US like the plague, basically only China is buying.

[goadam1]

Re: nervous about all markets, including precious metals

IMHO we see cash returning from sidelines to the markets (except housing). I guess, there is less leverage but still, this process can take a while. We, the bears need to be cautious and patient.

Ah, someone who agrees with me that you need more leverage for a crash. Or do you? I wonder if what matters is some kind of ratio of leverage to money creation (both fed and shadow). In the last crash you had astronomical amounts of both. When the music stopped the fall was hard. Now leverage is much lower. But the lower leverage lives by a very high amount of money creation.