Comments on: IS THE RECOVERY BUILT ON QUICKSAND?

By: TPC

TPC — Tue, 18 Aug 2009 17:50:10 +0000

Tom,

Are you referring to Ally? Unfortunately, one of my ad companies doesn’t let me control the inventory. Comes with the territory of being a small and relatively light traffic site. Sorry.

By: Tom

Tom — Tue, 18 Aug 2009 17:24:14 +0000

Been reading for a few months now. Was wondering why you let con-artist commercials advertise on your site? Do you have any control over this?

By: TPC

TPC — Mon, 17 Aug 2009 21:28:24 +0000

Gold is the one asset I will never pretend to be an expert about….

By: RecycleBill

RecycleBill — Mon, 17 Aug 2009 18:45:37 +0000

I don’t know much about gold or trading but I have been watching metals closely as I buy scrap metals for a living and I’ve wondered for weeks now why investors were continuing to push metals up when industry wasn’t buying? I mean, if no one is manufacturing products then why would anyone expect the price to go up.

In the last few days metals began their drop and my suspicions were confirmed…

By: VCC

VCC — Mon, 17 Aug 2009 18:27:06 +0000

Gold cannot rally above $1000/ounce. Easiest short in the world at these levels.

By: Sherman McCoy

Sherman McCoy — Mon, 17 Aug 2009 18:21:43 +0000

So, you don’t see gold as a viable hedge, and would rather own another flavor of fiat “funny money”? You certainly might be vindicated, but with most central banks playing with fire(Q.E.), CAD, CHF,etc. don’t give me the same warm, squishy feeling as the yellow metal

By: TPC

TPC — Mon, 17 Aug 2009 16:53:07 +0000

Pres:

“I don’t think you could exactly pin me as super bearish, but my portfolio is up about 1% today. Cash is the primary weight in my portfolio now so I guess I am technically neutral with a cautious outlook.

I am not looking to get long stocks any time soon.”

By: prescient11

prescient11 — Mon, 17 Aug 2009 16:37:51 +0000

TPC,

I wrote a long response and it was lost in the ether. From a long-time reader, not trying to pin you on a position, but you have stated that you think several data points are fundamentally bullish and I’m curious as to your 2-6 week outlook.

Myself, the government stop is in place at 750-800, so I think we are range bound. I had called 1,000 as my feel free to short target.

Also, got back in the USD/Yen, I’m a buyer at 94.50 as I think that should pop about 200 basis points, i hope.

By: HankB

HankB — Mon, 17 Aug 2009 16:29:00 +0000

Yeah, let’s not forget how bullish everyone was just 4 days ago. I mean how bipolar can people be? The bulls will be back to work with the government on their side before the week is over.

I am with TPC. Lot’s of cash until we get a more certain outlook.

By: James

James — Mon, 17 Aug 2009 16:22:44 +0000

My fear is: many people will jump on the short bandwagon and then be squeezed once again. Hence why I am reluctant to go short. Until this ends there will continue to be rallies in my opinion. This is also signals that many people still don’t trust the rally if they go short any time there is bad news. Whatever, the best trade may be to just straddle stocks or the indices with options. If it goes down or up in a big way that is. It could always stay flat…