Cash Out Now!!
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Cash Out Now!!
The markets have now turned down for the next destructive wave of deflation.
One that will make 2008/early 2009 look timid in comparison.
suggest you all cash out of your PFund and convert units into 100% cash-and for now- $USD at that.
If you don't go to cash expect your pFund to lose between 60-80% over next 1 1/2 - 2 years.
And just coz we live near China- we're NOT immune.
You've been warned! Look out below!
One that will make 2008/early 2009 look timid in comparison.
suggest you all cash out of your PFund and convert units into 100% cash-and for now- $USD at that.
If you don't go to cash expect your pFund to lose between 60-80% over next 1 1/2 - 2 years.
And just coz we live near China- we're NOT immune.
You've been warned! Look out below!
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Put at least 30% into a gold fund. Property in HK has reached 'bubble' pricing once again....and is probably going to fall hard when the next wave down begins (don't forget, between 97' and 03' prices fell 67%). The fundamentals in the US and world economies is much worse than the recent stock market rises would suggest. 
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Aaaaargh..!!! The Sky Is Falling...!!!!
IGNORE at your own peril, but for those of us well versed in the Elliot Wave Freakonomics, you would be aware that we are about to hit "Phase 6 - Part 2 - Subcrash 3" of "Wave set gamma".
This means one of two things:
1. Incredible market gains, OR,
2. Massive financial losses.*
*(please note: part 3 is also possible: this is defined as something between 1. & 2.)
I strongly recommend everyone sell everything they own, give me the cash & I will invest it in U.S. Dollar Put Options for you.
For those NOT familiar with Elliot Wave Theory, I suggest watching "Anchorman" for an approximation of the theory:
"Sex Panther Cologne for Men... 60% of the time, it works every time!"
This means one of two things:
1. Incredible market gains, OR,
2. Massive financial losses.*
*(please note: part 3 is also possible: this is defined as something between 1. & 2.)
I strongly recommend everyone sell everything they own, give me the cash & I will invest it in U.S. Dollar Put Options for you.
For those NOT familiar with Elliot Wave Theory, I suggest watching "Anchorman" for an approximation of the theory:
"Sex Panther Cologne for Men... 60% of the time, it works every time!"
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superf%#zo
Good luck with your future, ignore at your own peril.
Typical dumbass comments like that make me realize why patterns of human behaviour are relatively easy to figure out.
All the best to ya- d&^kwad
Typical dumbass comments like that make me realize why patterns of human behaviour are relatively easy to figure out.
All the best to ya- d&^kwad
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Monster my little cherub - here's your diagnosis...
Black hair treated with brill cream (severe combover)
'70s thick rimmed glasses
Always chewing on a toothpick
Highly uneducated but have a doctorate in the university of life
Red and black chequered lumberjack hoody
Faded jeans - have seen better days
Had a stab at bush flying in Alaska, but after 'the accident', decided to leave behind your former life and start afresh in HK.
You now spend your days off (from working as a deputy manager at a local cardboard box distribution factory) as an amateur stock market analyzer, but never miss your 2:50 PM appointment at the sushi counter downtown. Here you can impress others with your knowledge.
Good luck with it... d&^kwad
Black hair treated with brill cream (severe combover)
'70s thick rimmed glasses
Always chewing on a toothpick
Highly uneducated but have a doctorate in the university of life
Red and black chequered lumberjack hoody
Faded jeans - have seen better days
Had a stab at bush flying in Alaska, but after 'the accident', decided to leave behind your former life and start afresh in HK.
You now spend your days off (from working as a deputy manager at a local cardboard box distribution factory) as an amateur stock market analyzer, but never miss your 2:50 PM appointment at the sushi counter downtown. Here you can impress others with your knowledge.
Good luck with it... d&^kwad
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ei-flyer
ei -trier... been looking in the mirror have you!
oriental Flyer-
Not sure about gold etf's-there are a number going around.In the next wave of asset DEFALTION (NOT Inflation) of prices almost everything will lose value relative to cash- ie down the track you'll get more bang for your buck by holding cash now. Further out, maybe a couple years or so Gold will come roaring back as Fiat currency charades get (finally) exposed-but for NOW- Cash.
Gold is set to go down nominally against practically ALL currencies during this deflationary wave.
Hope this helps sir.
Monster
oriental Flyer-
Not sure about gold etf's-there are a number going around.In the next wave of asset DEFALTION (NOT Inflation) of prices almost everything will lose value relative to cash- ie down the track you'll get more bang for your buck by holding cash now. Further out, maybe a couple years or so Gold will come roaring back as Fiat currency charades get (finally) exposed-but for NOW- Cash.
Gold is set to go down nominally against practically ALL currencies during this deflationary wave.
Hope this helps sir.
Monster
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Monster330, no disrespect, but as such as skilled investor, exactly what are you still doing as a lowly pilot?
Shouldn't you be retired by now on your own island? Or at least running your own 10 billion USD hedge fund?
Shouldn't you be retired by now on your own island? Or at least running your own 10 billion USD hedge fund?
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I'm with Monster 330 on this one. Elliot Wave called it right in 2007 and it looks like they've hit the nail on the head again.
Having no idea is no reason to lambast anyone who does....
Having no idea is no reason to lambast anyone who does....
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Buy diamonds , very very good long term investment , with good returns
Good one. Here's another: Garlic! 300% return this year. No kidding.
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Monster, if the world enters a new phase of deflation (almost a certainty IMHO), then the associated currencies will also devalue. In this scenario, gold should re-establish it's historic prominence as a 'true' store of value, and increase in value accordingly. I see it stabilising in the near term at the $1050 -$1150 range, with the next two stages of increase initially to the $1500 level, then up to possibly $2000. Gold has increased 4 fold in 6 years. I think the coming collapse of the world economy will see gold reaching historic highs. Remember, on an inflation adjusted basis, gold would have to reach about $2200 to equal it's previous highs of the early 80's. One things for sure, equities and property are (particularly in China/HK) are about to see a stomach churning plunge. I think it will be 2020 at the earliest before the world recovers to 2007 levels of wealth.
