Jim Rogers telling it like it is one more time. Being one of those who is sound amidst this disaster I find myself angry like Jim. We should be able to buy the good assets that have been jeopardized by rapacious risk taking for pennies on the dollar now. The malinvestment will be washed out. That's how truly free markets work. It causes a lot of pain, and yes it can lead to a depression. However, I find that to be a more attractive alternative than continuously giving our rights over to a fascist/socialist system of credit whores.
http://www.cnbc.com/id/15840232?video=884476331
That said, I think the SSO, DDM, and QLD could catch a nice bounce off a selling climax. When that will be is a tough call. There's so much leverage coming out of the system at the same time; it makes this historical by any measure.
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This blog is a collection of my analysis derived from many sources. All opinions are for entertainment and educational purposes only. All investment decisions should be cleared with your own investment advisor.
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