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Replies to #338 on Justa's Dive Bar
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chainik

12/14/06 6:41 PM

#339 RE: Justa Werkenstiff #338

<in 10 to 20 years you will have forgotten my post anyway!>

My hope to remember my name by this time :)

<I guess my brain has devloped a "waste of time" filter>

I don't think it is a waste of time. It is probably a good bet that a combination of something like LUKOY (russian oil), ECA (canadian oil+gas), one of canadian oil sands stocks and PBW (clean energy ETF) will do reasonably well over the long run, regardless of daily or monthly fluctuations, price of oil, recessions etc. Vietnam looks very promising (although I cannot find an easy way to invest there).

I got into Russian market and into gold relatively early (at least in part thanks to Earnie), and it has been nice and easy. Basically holding for years. Stinking DROOY is the only looser (g). And even this POS has probably bottomed :)

<allow older Americans to be more self-sufficient for as long as possible>

That's nice, thanks. I'll be thinking about it.




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chainik

12/14/06 7:28 PM

#340 RE: Justa Werkenstiff #338

Talking about foreseeable (g) future: OEX, VIX, most P/Cs, most of the sentiment surveys, COT - everything looks pretty bearish. On top of this, 40% spread in the smart/dumb money is very big. The dump is coming, the only question when :)

IMO, a trading range for the rest of December. I'll probably go net short in January.