Fri 2 Nov 2007
Whispers of a Major Meltdown, More Fed Heroin Needed
Posted by RichSlick under Financial Safety, Watch Out
[3] Comments
I’m hearing from some key sources whispers about a major meltdown coming. This isn’t anything new and I’ve written about it here, here and here but with the Fed injecting yet another $41 billion (i.e “heroin“) into the system to keep things afloat is making even the ultra-rich nervous; A meltdown so big that even the won’t be able to handle!
Unfortunately, I’m knee deep in the markets with exposure to EEB and XXX right now. These investments are probably safe through options expiry though as they are tied to foreign investments. “Big exposure to US markets can be a death blow for some” are what the whisperers are saying.
If I make it through options expiry, I’ll convert to 100% cash and hope to keep my 20% gains for the year. I normally profit from dips by selling ETF calls but the ETF Covered Call system can’t sustain a major market meltdown. Let’s hope for a stable market for the next 15 days! I just want this addict to remain calm until I get the hell out of the room!
3 Responses to “ Whispers of a Major Meltdown, More Fed Heroin Needed ”
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November 8th, 2007 at 9:26 pm[...] contained” otherwise it might pose some problems to the economy . It looks like the Whisperers were right all along -expect a drop of 600 more points or so w/Dow soon. I’m not doing too [...]
November 2nd, 2007 at 10:29 am
“Whispers” are useless if they don’t give a compelling reason for the market to go down. The stock market is not going to go down significantly unless the economy fails. Everyone already knows about the housing crash, and that’s what the Fed rate cuts were for. So what new information do these people know that will take down the economy?
November 2nd, 2007 at 2:02 pm
What do you think billionaires know that you don’t know?
“Whisperers” aren’t going to issue press releases with what they know -that should be obvious.
If you are a firm believer in this market then stay in it if not then get out.
It is a simple binary operation: in or out.
You need only ask why the Fed and ECB continues to pump tens of billions into the financial system every other week despite cutting rates to get a clue.