Yesterday was non-nonsensical to me. EFSF is based on 500% leveraged bonds? Greece is only taking a 29% haircut? Or is it that a secret QE3 is in the works? Either way, I like commodities - gold and silver. But I'm mostly cash right now. Of note today, Groupon makes their IPO. In case you wanted a slight exposure - as a speculative play, GSV Capital Corp (GSVC) has investments in private ventures like Twitter, Facebook, and Groupon. If GRPN does well, I think it could encourage others as well.
this market doesn't make a lot of sense to me. some very overpriced looking stocks. particurally in the high yield area.
Uranium, Glencore, BHP Billiton, Disregard the media hype; I don't trust Chinese companies at the moment. Sino-Forest, anyone? I know some guys who will swear up and down that they don't practice basic accounting over there. Ghost cities, cheap capital, inflation, etc. GDP is reported by heads of municipalities/districts/whatever. Supposedly, there are benefits to reporting inflated GDP numbers.
i use to do feasability studies for chinese resorts when i came out of college and we completely ignored anything provided by teh govt. even their population stats were way off.
Eh, we're probably just underestimating the "work ethic" of the Chinese people or are just too scared of those Asians, Droski.
it's not because the chinese are incompetent (though i have a lot of clients with factories over there that tell me the quality of work is horrible), it's because the govt deliberately lies to the rest of the world.
I called ANF. Europe was pretty much the only reason their stock had been growing because domestically, they are mediocre
Is Germany for real? I fully expected a bailout and monetization of debt - therefore bought some gold and silver. got killed. surely they come to their senses and quit acting like cocaine-addled tea partiers
they'll bail em out and we probably will have to give some money too. gold and silver are huge bubbles so i'm not sure thsi will have an impact on the prices.
