Now you know the market is about to collapse:
"Theres not a sector where I can't say something positive about," Cramer added. "You're fighting the Fed if you're selling stocks right now."
http://www.cnbc.com/id/100469983
Cramer says BUY BUY BUY!
Now you know the market is about to collapse:
"Theres not a sector where I can't say something positive about," Cramer added. "You're fighting the Fed if you're selling stocks right now."
http://www.cnbc.com/id/100469983
Cramer is good for entertainment but I would never follow his investment suggestions.
Freedom is a state of mind. Nobody can take that from you unless you let them.
Nothing to see here, mundane. Do as your told and BUY so we can profit off your stupid ass following our investment advice.
I was going to post another link about Jim Rogers (iirc) and a bunch of other Wall St execs selling their stocks and shares at record number. No insider trading there, again, mundane, move along. Thinking is prohibited.
1776 > 1984
The FAILURE of the United States Government to operate and maintian an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
Privacy and Anonymity are Essential to Liberty. Without them, we leave ourselves open to Police State Abuses. - Yieu and others
You are Ron Paul's Media!
The "Wall Street insiders" (which included names like Warren Buffet and Geroge Soros) dumping stocks was false (at least that was the article posted here not too long ago- perhaps you saw it or something different?). It was somebody making claims to try to sell their book. Link to that thread: http://www.ronpaulforums.com/showthr...Dumping-Stocks
Jim Rogers, on the other hand, is saying stay out of stocks. And gold. http://www.gurufocus.com/news/208333...-bonds-or-gold
He is long on the dollar though (thinking it a safe haven to other investors) though and big on agriculture.
His info is contradictory. Long on the dollar means he thinks it will go up in value in the long term. Then he also at the same time says the dollar is not a safe long term holding. I am confused. Or is he?He is long the dollar because he expects turmoil in the currency markets, and people will flee for lack of knowing what else to do.
- He does not think the dollar is a safe long-term holding.
- Right now he would not buy gold, bonds or stocks. All that he is interested in buying are agriculture-linked investments.
Last edited by Zippyjuan; 02-19-2013 at 03:34 PM.
Freedom is a state of mind. Nobody can take that from you unless you let them.
The "financial apocoplyse" is way over-blown. The "automatic cuts" are $81 billion dollars in a $3.7 trillion budget (and the cuts are spread over an entire year- there won't be a massive cut suddenly on March 1st)- and a $14 trillion economy- not a significant amount in the big picture.
Freedom is a state of mind. Nobody can take that from you unless you let them.
And yet it's non-news for the Fed to create $85 BILLION A MONTH to prop up the stock market.
Go figure.
It's a mite chilly outside for shorts. But if Cramer says buy, I guess we have no choice...
We can't let them redirect the debate back to Red/Blue. Rand Paul's filibuster served as a clarion call, and opened eyes to the real divide--liberty v. tyranny. Everyone saw the president stall twenty-four hours before the AG confirmed we still have Constitutional due process. Don't let them turn this back into 'Left'/'Right' dogmaganda.
We, the People--'Red' and 'Blue'--must hang together or surely we will hang seperately.
I was wearing shorts today. Till the rain rolled in.
Freedom is a state of mind. Nobody can take that from you unless you let them.
Jim Rogers isn't contradictory. He's bullish (long) the Dollar, but he's not a long-term bull. They are mutually exclusive. Although I can't speak for Mr. Rogers, from what I gather he's bullish the Dollar for a couple reasons:Originally Posted by Zippyjuan
1) Everyone is bearish the Dollar (he's mentioned this as his primary reason)
2) If there is a decline, people will rush to the Dollar as a safe-haven
It's pretty obvious the impossibility of saying "This is it" as I've noticed so many gold bugs eat their words calling the absolute bottom in metals, only to see lower prices months/years later. I've also seen the Dollar go higher than the permabears and bulls predicted. While the Dollar will lose its attractive safe-haven qualities someday, no one knows when that will be and under what conditions. That's why I feel Jim Rogers is correct in is assessment. To quote Yoda, never underestimate the Dark Side... never underestimate the mass hysteria in financial markets. The market will keep going back to the Dollar until it won't, but was the Dollar's last big rally in 2008/09? I tend to think not even with all the headwinds.
At the end of the day, if we have margin calls and forced liquidations, assets will be sold for cash and cash will be the temporary king. Considering the Dollar is still the de facto reserve currency of the world, it has the best position to benefit from those adjustments.
Now, he's bearish gold because gold has gone up every year for the past 11 or 12 years. Very few assets have performed that consistently in history, so it would be natural to see a pause even in face of the global money printing schemes. Precious metals have lost steam from the April 2011 levels and 2012 was a lackluster (albeit "up") year for the metals. Could 2013 be a bad year for gold? Sure it could. So far it's not a hot start, and given we're very much overbought on the stock indices in the U.S., gold may continue to perform weak. If there is a generous pullback or a 2008-esque drop in stocks, gold may drop further. I believe those are the points Jim Rogers tries to make if you connect the various interviews he's done together. His message has been pretty dang consistent, it's just a matter of following the several interviews he's done.
I remember watching Cramer before the melt down and he was saying "Buy! Buy! Buy!" then as well.
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