REALITY CHECK, INVESTMENT ALTERNATIVE: If you had purchased $1000 of Delta Airlines stock one year ago, you would have $49 today. If you had purchased $1000 of AIG stock one year ago, you would have $33 today. If you had purchased $1000 of Lehman Brothers stock one year ago, you will have $0 today. However, if you had purchased $1000 worth of beer one year ago, drank all the beer, then turned in the aluminum cans for recycling, you would have received $214 today at redemptions. Based on the above, the best current investment plan is to drink heavily & recycle. It is called the 401-KEG Plan.
Slug, if you're heading for the bar, don't forget to pocket the empties for a rainy day!!
No doubt some capitulation still in the cards. Markets are never rational!
This will pass and we still have the gold, abiet in the ground!!
Lower C$, more gold in the wings, 43101 imminent, production up, costs dropping, layoffs of miners commonplace allowing SAN to shore up needed staff.
All is good ! (almost!)
Happy Thanksgiving.
RUF