Thursday, March 26, 2009

Bear market rally continues

The markets want to go up so it's no use fighting Fed. I guess it might last a bit more and it's hard to predict how long. The best idea is to buy shares, place stop loss orders and wait. It might end tomorrow or in May. I wouldn't bother. After all people will be disappointed that printing money is not the way.

However, for the time being I stick to stocks.

Thursday, March 19, 2009

Ben Bernanke says buy gold

Get rid of dollars fast and buy something safe. That's how I understand that crazy stuff with printing money. I'd change funny green notes for something real starting with gold and probably some farmland. Time to learn real skills like milking cows and so on. Say thank you to the authorities and be happy.

Wednesday, March 18, 2009

Goldman Sachs - buy?!

People in America are angry because of some bonuses for AIG employees that cost in total about $165 mln. That's funny for me because AIG paid much much more money to Goldman Sachs using bailout funds (billions of them). I understand that Washington loves them and will not let them fail. Remember about Warren Buffett who is also engaged in GS. I think if the market continues this suckers' rally, Goldman Sachs should be doing pretty well, stronger than the market.

Saturday, March 7, 2009

Which big bank is going to collapse?

There are rumors that some big American bank might go bankrupt. I don't know if it's true but if I were American I'd get rid of dollars right now.

That's crazy. They are being printed at a Zimbabwean pace and the greenbacks are getting ... stronger against other currencies. I'd probably buy some euros or perhaps Swiss francs (not so sure about them) and many silver coins. I like American Eagles.
Of course gold bars and coins are essential as well.

If I had more money, I'd take advantage of those madly expensive dollars and I'd buy some real assets in other countries (land or companies, anything).

Be optimistic but prepare for the worst. Good luck.