Saturday, Jun 21, 2008
This superbear is a long way from bottom
MoneyWeek: This superbear is a long way from bottom
If you were hoping for a quick recovery, you might have a long wait. Western stockmarkets are a long way from bottom – and are infecting emerging markets. The only safe place is Japan...
Posted by damien @ 07:09 PM (496 views) Add Comment
2 Comments
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1. Fingerbob69 said...
Various banks (RBS, Merryl principally) are suggesting a major stock-market readjustment in the next 2/3 months... a wham-bam-thank-you-mam type hit. Recession quickly follows in the West with the result Asia enters a '20's plenty' period of growth. The main consequence of which will be oil down to around $70-80pb. Predictably gold will rise...alot.
2. str 2007 said...
Fingerbob
I picked Sold2rent1 up on this the other day, he'd been predicting Gold to go to £1500 an oz but in the end decided the bubble was going to be Oil, but it was time to short Oil I think. The profits from which I assumed you'd use to buy Gold, hence the bubble in Gold.
It was all quite confusing.
How sure are you?
I discovered Bullion Vault on the resourse page, how do you go about 'shorting' Oil.