Posted on 01/17/2009 1:12:50 PM PST by Golddigger3
Consensus is it won't get better for years, and a few think it could get crazy bad for many years. A couple are optimistic. Gold is hot say many of them.
Part I: http://online.barrons.com/article/SB123154458136069579.html
Part II: http://online.barrons.com/article/SB123215888715192693.html?mod=b_hpp_9_0002_b_this_weeks_magazine_home_left&page=1
Scorecard for 2008 Roundtable picks (very bad): http://online.barrons.com/article/SB123156273219070849.html
(Excerpt) Read more at online.barrons.com ...
I found this a fascinating exchange where people from all over the spectum push each other on the economy and investments.
These article sell themselves for those of you who are trying to get the word out about the possible Great Depression II. For instance, my two brothers who are causiously optimistic and very optimistic, were willing to read this because they were attracted to Bill Gross, Goldman Sachs, or Marc Faber. Plus, I think the roundtable format is user friendly.
Since the automatic hyperlinks didn’t take in the post I’m giving them again:
Part I: http://online.barrons.com/article/SB123154458136069579.html
Scorecard for 2008 Roundtable picks (very bad): http://online.barrons.com/article/SB123156273219070849.html
Barron’s was rah-rah about the economy until just recently. I picked up an issue a month ago and a letter to the editor said that they should be used as a contrary indicator.
But in their l/5 issue their cover story was how people should get out of treausies immediatly, and there last two issues centered on their sobering roundtable, gold, and a bunch of sobering columns.
They have Alan Abelson for the contrary view, just in case you get too optimistic. He is not in every issue, but most of them.
Rumor has it that when the Dow hits 500, he will turn bullish.
Interesting.
The 2008 results were abysmal. When experts do this poorly, how in the world could John or Jane Doe hope to have a chance in the market?
Did he predict the crash?
There results in ‘07 were also worse than the indexes.
He’s been saying we will come to a bad end for the past 20 years.
That is more prophecy than prediction, but I would say yes.
Actually, I think I correctly posted the Web addresses for both Parts I & II (Part III not being available yet) in both the original post and in reply 4.
My regrets for the redundancy.
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