Re: Final Thought for the week
in response to
by
posted on
Oct 10, 2008 01:18PM
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Dan, I'm with you. I am so pissed, mostly at myself for seeing all this coming. If I hadn't been so clearly aware of what was ahead I'd have been invested in a diversified portfolio mix of cdn banks and other sectors. But I saw it coming and bought into the whole notion that hard assets would retain their value, that the USD would crumble and that gold stocks would rise above the selling. I kept thinking Homestake...
Well, I was wrong. At least so far. I am down way more than I would have been if I'd just played Cramers book, even though he kept saying this wouldn't happen. I'm down way more than if I had put my whole portfolio in Royal or TD bank.
And, though I'm not selling and have actually bought during this horrific selloff, I'm left questioning myself over and over. The "I shuddas" keep rolling through my mind over and over.
Now I don't even know what to think anymore. I wonder if this is inflationary at all. After all, we've lost trillions in capital over the past few months. So what if they inject trillions to re-inflate. Will it recoup what's been lost.
Maybe the FSN crowd is all wrong about this.
Jim Sinclair writes that the inflation will start showing up in 3 more months or so. Others say it will take 2 years. What does that do for me? I lose and lose and lose for another 3 months to 2 years? What will I have left to inflate? Will my stocks be half of what they are? I can't take another 2 months of this...
But yet, I am not selling. Probably a fool am I.