(Ed.note: "Bear trader" is just a citizen that shares his views with The Observer and his letters in no way consitute investment advice. They do however reflect bearish sentiment. )
The financial website I am most impressed with is Minyanville.com - a
straight shooting bunch.
Major changes in the financial world coming on quickly, and, of course,
the future is impossible to predict (you can sometimes tell what WILL
happen, but not WHEN, and vice versa), but maybe 700 S&P in 2010 - 15. I
think this business will last for decades. There are NO “buy and hold”
investments at the moment; now we have asset deflation with monetary
inflation; the markets are like dancing with drunken elephants.
You might try 5 year Treasuries. Watch the dollar index and exchange
rates especially versus the more stable European currencies (NOT Euros).
Maybe the Yen. The time may come to get out of dollars. I think metals,
over ten years, have not yet hit their lows nor their highs. A tough
market, but the gold divided by silver price is a fairly good indicator
(so far, anyway).
Everything you could do to make money since 1992 in the markets will
loose you money if you don’t know EXACTLY what you are doing. You can
make up lost opportunity a lot easier than lost capital.
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