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Replies to #1959 on NNRF Inc (NNRI)
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deadeyeon

08/17/07 5:14 PM

#1960 RE: GIBBER #1959

Instead of bat asking all of his questions on this board. One has to wonder why he doesn't call the company? Sounds like they respond. What say u bat?
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PrimeTrader

08/17/07 8:43 PM

#1971 RE: GIBBER #1959

GIBBER

Other than NNRF I am in cash. This is a dangerous market. It really is uncharted territory. Back in 2005 the Saudis' investment firm suggested that they move their investments out of US dollars over to gold. They called the US dollar "dead man walking". In fact it has been falling ever since. We are behind a rock and a hard place. If we increase the interest rates to save the dollar we undermine our internal economy. If we lower the interest rate to save the internal economy then the dollar falls even further and our position in the world markets is jeopardized. The markets are now digesting the seriousness of the situation. Technically we are still in a bull market and I think the current administration will use whatever tools it has in its arsenal to prevent a market collapse before they leave office.

This is probably a good trading environment for swing and day traders. I'm not in that market right now.