Anyone feeling awefully anxious yet?

[davidslane]

The economy sucks.

And the debt/credit crisis is just beginning.
Just wait until MBNA and Ambac have their ratings downgraded.  All the bonds they insure will be downgraded.  And then pensions and mutual funds will have to dump those bonds because of the ratings drop.  This will cause more write downs by the big financial companies too who hold those now no-bid bonds.

Add to that the huge credit card and auto loan defaults coming.
And did I mention that commercial real estate is slowing.

It will get ugly.

But how much of this is priced in already???

That's the $64,000 question.



I think we have another 10% to 15% down on the DOW (after a short US Fed induced rally).

Not sure how much lower our resource stocks will go, but as long as you don't get a margin call, just close your eyes.


The stimulus in the US that will have to kick in will take gold into the stratusphere.


In the meantime, I must ask, did Dines going to "Hold" on all of his uranium stocks cause his remaining readers to dump his stocks. His bigger stocks seemed to be the worst hit today!

[Depleted]

Richmanch..I think the "go away in may" and don't come back until labour day does not apply here because the normal market cycle is not "normal" right now. Due mainly to the credit crunch, we are starting into a r........ now and we should carefully plan our positions accordingly. This could take years to sort out.

[fissileU3O8]

Thought I share this with you all.

[richmanch]

Depleted--right, i agree, the old paradigms are no longer valid. I mean so many of these stocks have broken resistance and are now in the wilderness anyway.

But, I think you'd have to be gutsy to go buying in May, whether it's down or up from here. I guess we'll cross that bridge when we come to it.

And Megadeth--I wasn't invested during the tech crash, but it was pretty much a crap storm for everything.

The story for uranium is still superstrong--everyone read the article about GE shopping for uranium supply? Someone is going to get bailed out--big time. But for most it doesn't matter. Cigar Lake wouldn't matter at this point. 

[john77]

For those who don't know about this site already:

techuranium.blogspot.com is a pure technical analysis site on U stocks. I wish to hell that I had access to this type information before August

I am still looking for a site that has negative "fundamental" information on the U industry and supply/demand issues.

[sunseeker]

Thanks John

That looks a good site I will add to my favourites, and look more closely when I get home from Spain.

Seperate issue
Re: gold investing
Just to keep things brief, I will reiterate that the the best way that I know to play gold is via TSE:HGU (that is assuming that you are bullish on gold). No political risk, no company specific risk, just 2 times leverage to the price of gold. I don´t think that you can ask much more than that in this enviroment.

Adios amigos. Back to the holiday.

[faja]

Thanks John for letting us know about http://techuranium.blogspot.com/