Rishikesh wrote:
>
Kindly let readers know your qualifications and credentials -
if you are professionally qualified.
>
Fri Sep 19 09:04:57 PDT 2008
Mervyn Lobo mervynalobo at yahoo.ca
>
Those with 'professional credentials' trading in the stock market do not have
any more insight to the vulgarities of the market than those who have not sat
for the exams. The concept of lowering taxes, printing more money and
borrowing to spend abroad, has a price. Those with money in the markets are now
paying that price. The only govt that has printed more money than the current
USSA adm has been the "Weimar Republic."
>
Mario agrees:
>
Rishikesh, watch out for any "free" advice on Goanet. One expert advisor on
Goanet recently told us that those who took his advice on the internet deserved
their fate. That was when gold had hit $1,000 an oz. and he gleefully
predicted in a similar "Off-topic" post that gold would go to $1,650 an oz. but
without any time frame as to when. As you know the time frame of an investment
is critical as to it's success. Gold closed today at around $870 and has been
as low as $820 a few weeks ago. Perhaps it will reach $1,650 sometime during
my lifetime:-))
>
However, while we are waiting for that to happen, the Dow is up 40 points in
the last month, up 18% the past 5 years and up 44% the past 10 years.
>
Also, to get another perspective, you may want to read what some REAL experts
are saying rather than the absurd comparisons between the USA and the USSR and
Weimar Republic:
>
http://ca.news.yahoo.com/s/capress/080919/business/wall_street_mood_1
>
Cheers.
>
