Tuesday, September 08, 2009

Maybe Later

As the reader might imagine, we were not all that eager to sell into yesterday morning's equity action. So we didn't. Today, the whole mess is starting to look like a repeat of the springtime.

Long: equities, gold, schatz.

Short: dollar, bund.

Is it going to be like this for the rest of our lives?

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2 Comments:

Anonymous said...

Just wait until everything goes down. It should!

To make money moving money, while everything real is going down everywhere...

It remembers me our dear pres ZP, and today, his Minister of Industry who want to save our energy dependence with 2,000 electric cars for 2012 (with zero CO2 emissions, of course). And remember, this will be the new energy axis of this govmint.

It's amazing!

JL

PS: Using the word verification of this comment, let's SCORT them to New Zealand and make them eat 1000 kiwis several times, before the next ministers meeting.

Charles Butler said...

Not coincidentally, Spain currently produces a surplus of electricity - and will for the foreseeable future. The cartel model of economic development is scalable from the ayuntamientos up.