A question to the financial gurus on EF

[75th]

If you have 6-12 months I would look into a 2X S&P etf.

Check out ticker RSU.

 

[the_alcatraz]

Nope.

Its a commodity. In the long run its a good way to hedge against a falling dollar, but it sounds like you are more interested in short term gains.


The dollar is stronger now than it has been in a year and its only going to get stronger as Europe begins to deal with its own financial crisis.

Strong dollar = falling gold.

north america is heading into recession. Why do you think the dollar value will increase and keep increasing?

 

[75th]

north america is heading into recession. Why do you think the dollar value will increase and keep increasing?

If America is going to deal with a recession, it is already occuring now (and by the standard definition, were not in one as of yet). I think youre confusing a bear market with a recession. Two completely different things.

Everything our economy has been through over the past year Europe is about to start dealing with. Hence the dollar increasing at a rapid rate over the past month as the market has gone down the shitter.

One doesnt necessarily have to do with the other.

 

[the_alcatraz]

If America is going to deal with a recession, it is already occuring now (and by the standard definition, were not in one as of yet). I think youre confusing a bear market with a recession. Two completely different things.

Everything our economy has been through over the past year Europe is about to start dealing with. Hence the dollar increasing at a rapid rate over the past month as the market has gone down the shitter.

One doesnt necessarily have to do with the other.

I seem to be hearing two diff. opinions....completely opposite

One is America is doing so badly to the point that its getting closer and closer to a depression like recession

The other point is that it's not that bad...and America is doing just fine

I know friends that have businesses in the states and they are saying shit is going down the drain

which one do you support?

 

[Creepusmaximus]

solar panels

That trade is over for now but it's not bad to watch that sector for the future.

 

[chewyxrage]

I seem to be hearing two diff. opinions....completely opposite

One is America is doing so badly to the point that its getting closer and closer to a depression like recession

The other point is that it's not that bad...and America is doing just fine

I know friends that have businesses in the states and they are saying shit is going down the drain

which one do you support?

The small business (300 employees or so) I'm working for has grown 35% this year to a 25 million dollar company. Still a small company but.....we makin' money! 75th's point is about the value of the dollar. Most people feel that we are almost to the bottom of our troubles, and it will spread to the rest of the world with a delay based on what happened here. Making the dollar more profitable. When the dollar is up, gold is down....always....

 

[Creepusmaximus]

Microsoft is buying it's stock, probably a good buy, which they realize...they don't need credit.

MSFT's problem is where will they get growth from?? The own the market for OS's and that can only be eaten up by Apple, linux etc. They really are a one trick pony and you have Google out there who is putting together the pieces for it's own OS. Will that work out?? Who knows.

 

[Creepusmaximus]

Gold bro fucking gold!!!!!!!! its price is just going to keep going up and up. Mark my words!!!!!

Problem there is as the US dollar goes up gold will go down. The rest of the world is about to catch our banking problems which in a strange way will make the US the safe haven. US dollar up and gold down.

Any ways I like silver much better because it has industrial uses where as gold has no real use.

 

[Creepusmaximus]

+1

Dont day trade unless you have the time and knowledge.

Take the less exciting route.

Cost averaging is death to a day trader. If you don't know technicals your dead as well.

Day trading is not for the newbies.

 

[the_alcatraz]

The small business (300 employees or so) I'm working for has grown 35% this year to a 25 million dollar company. Still a small company but.....we makin' money! 75th's point is about the value of the dollar. Most people feel that we are almost to the bottom of our troubles, and it will spread to the rest of the world with a delay based on what happened here. Making the dollar more profitable. When the dollar is up, gold is down....always....

Bro the company I work for grew 1.1 billion dollars this year. Still if a few companies are making money, it doesnt mean the economy is doing well.