I do feel bad that even though I've seen all this shit coming since the March and August crashes of 2007, but I didn't profit off it, and I didn't even avoid all of the damage.
I bought Euros dammit. Amazing (to even the experts) that it would take my head off like this. Nobody saw this massive dislocation coming, and when it came I thought I shouldn't over react, hold on, it won't last forever. and it won't. but....
and now ... to sell (ok, I did a bit) would be crazy because it will snap at any second.
or at least the dollar may snap, that doesn't mean the euro will surge.
what to buy ? honestly, I think about what physical objects have high resale value. Do you think my vinyl 12" collection is going up in value ? ah ... no.
the yen, dammit, I was just about to buy and got all scared (having lost all of my other bets) and now I feel its popped too much. the G7 state that they are worried, its shafting the Japanese who have already been shafted in their stock market and personal pensions.
I am tired of hearing the US citizens whining about their market. The rest of the world has suffered far worst. Actually it was all fake money, so its nice to see those annoying super-Russians cut down to size.
And, as through much of 2008, I feel like I should go short-and-hold because ... those valuations are so cheap now and greed will overwhelm fear any moment.
Not that we aren't fucked, mind. Earnings down the road, consumption and all of that.
Personally I am an immaterial girl (poetic license, I'm a dude of course). And I don't like money really. I think we will eventually evolve past money, but not in this lifetime.
I think we will defintely evolve past this casino-for-a-stock market mentality. Maybe THAT's the capitulation we are waiting for. When the whole generation of gamblers are put out to pasture (self included) and we go back to producing and getting paid for production.
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