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seosan08
Joined: 10 Oct 2008
Location: Korea
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 Posted: Wed Nov 26, 2008 4:01 pm Post subject: #2 hedge fund trader expects a TECTONIC SHIFT from equities |
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Trader Monthly named Renee Haugerud number 2 hedge fund trader in the world. Renee appeared on CNBC this morning.
Renee�s position on the market?
She thinks we will see a "tectonic shift" from equities to commodities.
The "big shift" will be from from paper assets to REAL Assets
A Massive shift,....... extreme volatility
lasting a few decades
�The first sign that that deleveraging is over will be when the US dollar decouples from the equity market.
And on gold?
�For the first time in a long time I think that gold could be a repository of value going forward.�
To watch the video:
http://www.cnbc.com/id/15840232?video=940553955 |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Nov 27, 2008 8:50 am Post subject: |
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| Often these 'traders', experts and others use the major news networks to push their ideas. When you see an "expert" from UBS or Citi etc pushing their maco/micro or investment ideas what you are seeing is a sales pitch. Mr. Market watches these news programs looking for actual investment advice. |
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loose_ends
Joined: 23 Jul 2007
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| Posted: Thu Nov 27, 2008 9:44 am Post subject: |
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| mises wrote: |
| Often these 'traders', experts and others use the major news networks to push their ideas. When you see an "expert" from UBS or Citi etc pushing their maco/micro or investment ideas what you are seeing is a sales pitch. Mr. Market watches these news programs looking for actual investment advice. |
Buy gold fool. Mark my words. |
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GwangjuParents
Joined: 31 Oct 2008
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| Posted: Thu Nov 27, 2008 4:31 pm Post subject: |
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The "buy gold" people scare me in a way because they remind me of the "buy real estate mania" that swept the the west because real-estate will "go up forever".
However, gold may be a wise option given what I'm seeing.
How are you people buying gold?
Is the price of gold generally denominated in US dollars? If so, that's an issue because if the Won recovers (which it probably will in a few years time), then that'll strip away a lot of your gains. |
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bacasper
Joined: 26 Mar 2007
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Nov 27, 2008 9:48 pm Post subject: |
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| loose_ends wrote: |
| mises wrote: |
| Often these 'traders', experts and others use the major news networks to push their ideas. When you see an "expert" from UBS or Citi etc pushing their maco/micro or investment ideas what you are seeing is a sales pitch. Mr. Market watches these news programs looking for actual investment advice. |
Buy gold fool. Mark my words. |
If you knew about these markets, you would buy sliver, not gold. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Mon Dec 01, 2008 12:35 am Post subject: |
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| mises wrote: |
| loose_ends wrote: |
| mises wrote: |
| Often these 'traders', experts and others use the major news networks to push their ideas. When you see an "expert" from UBS or Citi etc pushing their maco/micro or investment ideas what you are seeing is a sales pitch. Mr. Market watches these news programs looking for actual investment advice. |
Buy gold fool. Mark my words. |
If you knew about these markets, you would buy sliver, not gold. |
So we should all invest in wood or glass then?  |
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seosan08
Joined: 10 Oct 2008
Location: Korea
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| Posted: Mon Dec 01, 2008 1:47 am Post subject: |
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| mises wrote: |
| loose_ends wrote: |
| mises wrote: |
| Often these 'traders', experts and others use the major news networks to push their ideas. When you see an "expert" from UBS or Citi etc pushing their maco/micro or investment ideas what you are seeing is a sales pitch. Mr. Market watches these news programs looking for actual investment advice. |
Buy gold fool. Mark my words. |
If you knew about these markets, you would buy sliver, not gold. |
The silver/gold ratio is at a crazy low. At 81:1, silver is the much better deal. But silver is too bulky for most people, especially if you're not in your own country and travelling. |
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bacasper
Joined: 26 Mar 2007
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| Posted: Mon Dec 01, 2008 4:10 am Post subject: |
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| seosan08 wrote: |
| mises wrote: |
| loose_ends wrote: |
| mises wrote: |
| Often these 'traders', experts and others use the major news networks to push their ideas. When you see an "expert" from UBS or Citi etc pushing their maco/micro or investment ideas what you are seeing is a sales pitch. Mr. Market watches these news programs looking for actual investment advice. |
Buy gold fool. Mark my words. |
If you knew about these markets, you would buy sliver, not gold. |
The silver/gold ratio is at a crazy low. At 81:1, silver is the much better deal. But silver is too bulky for most people, especially if you're not in your own country and travelling. |
I read where the natural ratio is about 14:1 so that is crazy. It was at 50:1 just a few months ago. |
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huffdaddy
Joined: 25 Nov 2005
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| Posted: Mon Dec 01, 2008 6:50 am Post subject: |
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| GwangjuParents wrote: |
| The "buy gold" people scare me in a way because they remind me of the "buy real estate mania" that swept the the west because real-estate will "go up forever". |
Yes, beware of "conventional wisdom." In Jan 1980, gold was at $675/ounce. US inflation in 1980 was 12.5% and in 1981 it was 8.9%. By the end of 1981 gold was at $410/ounce. And after another 4 years of 3.8% annual inflation, gold was down to $320/ounce. So much for being a hedge against inflation. |
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Mon Dec 01, 2008 11:24 am Post subject: |
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| TheUrbanMyth wrote: |
| mises wrote: |
| loose_ends wrote: |
| mises wrote: |
| Often these 'traders', experts and others use the major news networks to push their ideas. When you see an "expert" from UBS or Citi etc pushing their maco/micro or investment ideas what you are seeing is a sales pitch. Mr. Market watches these news programs looking for actual investment advice. |
Buy gold fool. Mark my words. |
If you knew about these markets, you would buy sliver, not gold. |
So we should all invest in wood or glass then? |
I like metals almost as much as Seosan, but I think investing in anything you like that has little downside potential is a good investment. Hell, this past summer, I bought a case of 750 ml bottles of Sobieski vodka for under $100. At $8 per bottle, I didn't think a man could go wrong on that. The only downside potential is me drinking it through the Greater Depression. I guess when Seosan hears the usual, "But you can't eat gold," he can just say that he knows of a phucker who will end up drinking one of his investments.  |
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