T1B

So, what you're saying is you think the economy is...













...going down the drain?

The crash won't surprise me, Scott.

I'm in cash and waiting for the opportunity to buy back in.

Scott, what do you think of t-bills? Still good "long term"?

PS this is not a trap...I'm serious

I'm out of Gold, also, Scott.

I've been all cash for many months now.

I agree that pretty much everything is going to tank.

So far the Dow is up about 600 points since 9/30, over 1,000 since its low point on 10/4. Pops has been waiting since November of '08 for the economy to implode. Three years of disappointment, but I guess there's still hope...

Mikey, you must somehow be oblivious.

How far in debt has Barry placed us in order to give us the "recovery" we have?

How's unemployment?
How's our credit rating?
How's the housing market?
How are prices doing?

Again, how much debt have we taken on in order to see such sunny days as these?


Geez.

Does anyone here take financial advice from Scott seriously?

Kansas City Kid wrote:Does anyone here take financial advice from Scott seriously?

Scott would like nothing more than to get his hands on your junk...




...bonds.

Kaley wrote:Does anyone here take financial advice from Scott seriously?

I don't walk on lock-step with what he says, but he offers a reasonable perspective that is worth listening to.

poptart wrote:I'm out of Gold, also, Scott.

I've been all cash for many months now.

I agree that pretty much everything is going to tank.

DOW closes above 13K today.

Still waiting and hoping for that crash, I assume.

Probably the next news item to come up will be the strength of the dollar and how it is hurting companies whose revenues are mostly based on exports.

Its hurting me, yen/dollar relationship is hurting exports to Japan.