Jose Colaco wrote: >Thank you for that input. I am not a betting person but, I can see you being >right. >You have had the pulse on the right indicators right from the time Gold was >making >an upward swing. Those who accepted your advice, were rewarded quite >handsomely. >
>It is about time to end this artificially-keeping-down of interest rates. For >the >past decade or so, those who saved did not truly benefit from the keeping of >funds >in savings; funds which lending institutions used to create wealth for >themselves. > >Interesting free market. ----------------------------- jc, You have been generous with your words but the gold thingy began more than 10 years ago. It is so old that business schools are already teaching about the conditions that led up to it, in their historical classes! As far as interest rates are concerned, economic policy in the west is now geared to giving those who make the most profits, the most benefits. In other words, it is tailored to those who take risks i.e. create jobs. Those who are risk averse because of their nature, age or any other reason are being penalized as the rate of inflation is higher than the interest paid on their savings. This is sound economic policy. When the unemployment rate goes down, interest rates will rise. One last thing, a correction in the stock market is always an opportunity to buy low. Any idiot can buy at high prices. Gabe wrote: >The correction has already begun, markets are at 8 weeks lows…your assumption >here, >is that the markets will go lower; we shall see! Gabe, as you have experienced a thousand times, when trading, timing is everything. I still think that there is a fair amount of money to be made on the volatility index or the VIX. I trade the leveraged product, TVIX. http://www.cboe.com/micro/VIX/vixintro.aspx Mervyn
