posted on Aug, 7 2011 @ 10:02 PM
I think the US and the European markets finish up tommorow. With official announcements that the ECB will buy Italian, Greece, etc debt, the markets
will turn on a dime. I think tommorow will bring the best chance for buying stocks for many years to come. Treasuries and the dollar will react like
Let's face it. With all the fear and bad news out there, anyone who was going to sell for protection is already out of the markets. The simple fact
is that to resolve this, the world's financial system will need to be completely reformed. i believe this is no longer a secret. All the actions of
late have simply bought them time to do so. We are going to end up with a one world or 3-4 regional currencies.
So what happens then? Money in the bank and currencies will be exchanged into new currency. At what rate is anyone's guess, but it probably won't be
beneficial. If the new system is based on precious metals then precious metals will be confiscated at whatever price the government decides. Again
probably not beneficial. Stocks on the other hand, generally represent companies making real things that people will need and want, no matter what
currency is used. It is almost a given that over the longer term stocks will do much better than most all other investment options.
Anyone who sells tommorow is really not the smartest cookie in the world. I would guess that those that do, are the same ones who sold at the bottom
last crash and then bought back again much higher. Haven't they learned anything from the past?