Thursday, October 9, 2008

1929,1987,2008?

Do you agree?

Black Thursday, Black Monday and now ???

Those crashes were in October so there`s some possibility it will happen in the next two weeks.

I`m out of stock markets waiting for what will come.

I don`t like a communist way of dealing with the crisis i.e. renationalizing banks and other crazy ideas. They just scare me.

This is a real nightmare.

Saturday, October 4, 2008

Recession is coming to the USA anyway

I think helping bankers didn`t mean anything else than transferring money from your pocket to their pocket (Paulson`s plan). There should be some more clever solution to the problem than that. I hope I`m wrong but the worst is to come. However, there might be a some relief rally in the markets so I`m not going to speculate now. Just sit and wait. Maybe I will use some derivatives but I`m not too pushy.