Shoulda held my nerve - Printable Version
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Shoulda held my nerve - Cointreau - 05-06-2012 06:35 PM
Last week I was £3 a point short the Dow Jones but I pooped my pants when the Dow rose to 13300 and closed at a loss. Now where's the Dow? 12800 in expectation of a sell off on Monday. Dohhhh!
With Hollande narrowly defeating Sarkozy and an anti-bailout coalition looming in Greece are we now at a watershed for the financial system and the markets? A popular rejection of austerity and bailing out of the banks? Looks like it. Gold is down a bit as well.
The center right parties will also need to reject austerity else they likely be thrown out of office.
So then no austerity = higher deficits and a bigger debt bubble leading to higher taxes, more money printing, etc, etc.
So right now I'm going to keep stacking gold and silver. my life, they are even taking to the streets in Russia today. I smell revolution in the air. The people have had enough. Here in the Uk shareholders have been revolting against excessive boardroom pay and forcing big bosses to be more realistic.
Au Revoir to the euro.
RE: Shoulda held my nerve - Viper_99 - 05-06-2012 09:30 PM
You would think with all this turmoil something has to give! It should be an interesting week.
RE: Shoulda held my nerve - nodebt - 05-06-2012 10:49 PM
Very interesting indeed. The slow train wreck continues.
RE: Shoulda held my nerve - Cointreau - 05-07-2012 05:53 AM
Its a slow train wreck so we still have more time to carry on stacking. I jumped off the train last january but the vast majority of the passengers are still on board. I actually remember seeing a book in a bookshop at least ten years ago probably further back than that, where the author was predicting an almighty financial crash. He was way ahead of the curve.