I came out to the forums to see if deadcode had posted about it yet :)

Buying gold is usually not ever a terrible idea... however, it is sitting at its peak right now already.

Ouch on the house purchase in 2005... ours was in 2004, but we're in Austin, and the housing market here has faired about the best in all of the nation.

should have liquidated like some months ago... ><

Unfortunately It is illegal in the US for me to give financial advise.

But what I can say is that I'm not worried about the stock market falling as much as I'm worried about inflation. I tend to believe as long as the current Keynesians are in charge they will always print money to prop up the market.

Real estate is actually not that bad of a place to have your money. Just don't let them talk you into an ARM; you may end up getting your house for a huge discount when inflation out paces your fixed interest rate. Gold is at an all time high (nominally) so I tend to wait to buy on dips. Gold will not make you money though; gold just protects your buying power. Think of it as the anti inflation.

For those of you that contacted me for advise; sorry but this is the best I can do. It is impossible for me predict exactly what will happen; and changes in politics can change the whole thing. For example; if Ron Paul got elected I would expect the market to correct possibly deeply. This is counter intuitive but the market will fall in nominal terms because of the removal of the inflationary environment.

The unfortunate truth is that in order to actually fix this problem things will get worse before they get better. Currently there is no political will for this; so we continue to drive ourselves into debt for what amounts to an addition to trillion dollar pain relievers.

Addiction

monte, you realize that 99% of people who wake up and read the morning newspaper are doing the same?

use this sell off as an opportunity to buy your favorite names on the cheap. do not liquidate all your stock. your thought process is the equivalent of selling at the lows. fear is driving this market.

when the S&P doubled off its 08 lows did you sense that the US economy had really recovered that much? of course it hadnt. be a contrarian here

Let me understand it deadcode, you get a lot of people looking for stock tips from a stanger in a flash game forum?

judging for the amount of time you spend on these forums and the number of games/tournies you play just on this site (not to mention the time you spend digging blog opinions to repeat), it seems like your opinion isn't as requested in real life throughout the day. Sounds right to me.

+1 nunes

Good one nunes.

Besides that - what is the per head depth of the USA (I really don't know) in comparisson to Portugal, Italy, Ireland, Spain or Greece? Is AA+ low enough?

back to the OP

THIS IS THE OLDEST GAME IN HISTORY

once the retail push to sell goes through, the downmove is exhausted bc retail is always last to sell and a rally begins.

selloffs are sharp and often overdone.

if you are moving to gold now, after the downgrade, then you think we are drifting back into recession (often an emotional decision), even after we had better than expected job gains reported on fri.

its august: historically a bad time for equities

We can go lower from here but look for a snap back. APPL will go to 1000 before gold hits 5000