[LurkingSince'98]

The primary trend for the next 8-10 years is down, you and I and our wives and children each owe $40,000? to some foreigners we don't know, retail buying just fell off a cliff, interest rates are going to go up another 3/4% in the next three months, they are DOUBLING the minimums payments due on all outstanding credit card balances, and the guy I voted for wants to spend $200 BILLION to renovate a swamp.

do what ever you want todd.

I wish I was wrong. Every time gold goes up it means that the greeen pieces of paper in my wallet have LOST VALUE.

Good luck to us,
Lurking'

[texaslil]

"Every time gold goes up it means those little pices of green paper in my wallet have lost value."

Boy, do you have that right, Lurking. Don't know why that's so hard for everyone to understand. Can't eat gold, or paper. The only thing I trust is something I can eat. Only tensy little problem is--anything I can eat, doesn't trust me. One of the hazards of cattle ranching.

[Toddsterpatriot]

The primary trend for the next 8-10 years is down, you and I and our wives and children each owe $40,000? to some foreigners we don't know

Sorry, my family doesn't owe anything to foreigners.

retail buying just fell off a cliff,

Is that the technical term?

interest rates are going to go up another 3/4% in the next three months

Wow!! So they'll be at Jimmy Carter levels?

they are DOUBLING the minimums payments due on all outstanding credit card balances

Wow! Sounds series!

and the guy I voted for wants to spend $200 BILLION to renovate a swamp.

Nobody is perfect :^)

I wish I was wrong. Every time gold goes up it means that the greeen pieces of paper in my wallet have LOST VALUE.

So those dollars have done pretty well since 1980 then.

[Travis McGee]

I posted this article in full knowledge that it, and I, would be slammed hard by the permabulls.

No problem.

I hope I can repost it next October for a laugh, with the Dow at 15,000, and everybody's house worth a million dollars.

I hope, but I don't expect.

[Eagles Talon IV]

Interest rates are going up 3/4% in the next 3 months and why is that important except in a relative sense? The average nationwide 30 fixed mortgage is at 5.59%. This is almost a half point LOWER then my first mortgage in 1968 which was at 6%. Mortgage rates are based on the 10 year note which is currently trading at a price equal to about 4.5%.

I have been an investor who closely follows the markets and trend for over 30 years and if I had a dime for every 'the sky is falling" prediction from a short seller or an uninformed regurgitator of what I refer to as "pass along news" I would be wealthier then I am today.

The Stock market is up 11% per year on average as far back as you want to check and the market advances 2 days out of every 3 on average. This doesn't mean the the markets won't correct or that the business cycle has been repealed. It simply means the chance of an 8-10 years economic/market downturn is not based on anything but pure speculation. If you have some solid evidence that is not attached to speculation by persons who have an interest in the economy dropping off a cliff I would be happy to look at it.