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Massive Synthetic CDO defaults?

Matter-Eater Lad
in How We See The World

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[ame=http://www.youtube.com/watch?v=Z8EHcHjsZMk]YouTube - Don't Panic!!!! The dollar and the stock market will collapse THIS WEEK Pt 1[/ame]

 

[ame=http://www.youtube.com/watch?v=Il1_A77OAIQ]YouTube - Don't Panic!!!! The dollar and the stock market will collapse THIS WEEK Pt 2[/ame]

lol Nick, that was fascinating... I felt like I was sitting with this fellow in a dark bar (pub for you Brits). Not sure how much of it I believe, but it should be fun to see if his predictions come true in the next week. :P

  • Author

I'm thinking the opposite will happen. A false rally maybe starting Monday or sometime before summer and gold will drop. I want to buy gold and silver when it hits new lows before it hits new highs in the next few years.

 

If I wasn't a complete idiot I would have saved up some money and bought some low stocks last week. Maybe Citi Group and Bank of America.

lol Nick, I'm glad you didn't put your money into those banks. It's going to get pretty bad for them... I suspect they'll be nationalized eventually.

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