Friday, May 29, 2009

Friday Update



As I have been telling anyone that listens to me to buy stocks. We are in a bull market and very few are believing. If you are bearish, this is how you could end up at the end.

Buy stocks but put a stop....just in case.

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2 comments:

blogblogger said...

LOL that is a gruesome and sad sight to see specially to an animal lover like me.

anyway back to topic of market- you may be right as respect to the stock market. if the stock market goes up it will be because of the money printing and inflation and maybe even hyper inflation.


quoting Marc Faber from his recent interview.


The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates,

Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.

“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said.



--although faber doesnt say when hyper inflation will occur.. it may take atleast a couple years.my guess.. right now deflation is still present.

May 29, 2009 at 2:23 PM
Nepali Trader said...

Inflation is very likely but I'm not sure about Zimbabwe level inflation. US is fundamentally more solid than any other country, although USD is getting crushed and commodities are soaring. Right now no one wants to be in cash because it is losing value thus buying stocks or anything in sight.

I ran the scan today and 50% of the stocks are gold stocks.....that tells something about inflation.

May 29, 2009 at 7:49 PM

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