XJO 1.10% 8,075.7 s&p/asx 200

cyclichigh's - doin' it nude thursday, page-212

  1. 6,655 Posts.
    martis my red hearted friend,you pose an interesting question when you say 'who bails out countries'

    Having given it some thought,and 30 TRILLION debt to be laid off-I confess I can't get my head around it.

    So,I do two things real time,take profits and scout opportunities,salivating at the prospect of BHP @ five:)

    In depression,cash becomes devalued to a fraction of its face value,strong currencies are not immune so no shelter there.

    However strong economies ie Australia (the only one that springs to mind,Brazil perhaps),that have AAA investment grade public companies are our only hope.

    Grossed up the returns can be over 8% on ASX200.

    In short martis,I am saying there is no where to hide that I can see.

    One can't eat ingots,so where else can one source liquid assets to buy lunch:)

    Hopefully the DOW and Euro tank again overnight.Then into it like a one armed paperhanger!

    I really like WBC, BiggDaddy,sorry mate:)Still holding my woollies too,and thinking about a top up (not my trader persona here of course-lol)
    So many choices,so little money.(sigh)
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.