Good for Stocks, Bad for Real Estate

As I was noting the possibility of in my previous post, I think we hit the double bottom and can expect the stock market to trend upwards for awhile.  Could only be a few months, could be the better part of the next 12 months.  Who knows.

Thank God … whereas I am only down (as of today) just over 10% in 2008, that’s a big enough number for me to be pissed off about it.  I have bet heavily on physical precious metals and the ETFs that hold them.  Yesterday’s brutal ~$50 drop in gold and a commensurate % drop in Silver has been killing me (and it continues today).  Goes back to hedge funds deleveraging and other conspiracy theories which I think will settle out and result in a huge run in gold and silver.

I am indeed holding my breathe …  this is not for sissies.  Turning blue that is … Read more

Patience is … Profitable

It is my observation (and that of others), that patience in the current market (most ANY market …real estate, stocks, gold, etc) is not only a virtue but profitable as well.  This market is a bear (literally and figuratively) in testing one’s patience.

It has been killing me to hold on to the junior mining company stocks that I own.  They were hurting even before this lastest calamity (they have barely budged on mining stock upticks resulting from the recent jump up in gold and silver).  Selling them now is just stupid.  Read more