Author Topic: Sense of crisis haunts trading floors (Read 645 times)

gladius_veritatis · « **Reply #1 on:** March 07, 2008, 07:44:39 PM »

If you look at other markets internationally, many are down considerably more than the DOW this year. What shall they do when the DOW really starts dropping?

Matthew · « **Reply #2 on:** March 07, 2008, 11:26:30 PM »

The DOW isn't even the whole economy. It's only 30 stocks.

The DOW is down 10.3% just since 2008 began. But the NASDAQ (tech stocks) is down 16.6%, and the much broader market (S&P 500) is down 11.9% for the year.

The funny thing is, gold has gone up about 43% in the last 6 months. Seriously, only 6 MONTHS AGO gold was $680 an ounce. Now it's $973. Do the math!

To any newcomers to Cathinfo that might be reading this: You can look at previous posts (Greater Depression subforum in particular) where I recommended -- again and again -- that people ditch the stock market and buy gold/silver. And that was when it was in the 600's.

Long story short, I was right! But I had to be. It's not a big deal for me to be right about this. If someone throws a brick in the air, am I conceited because I confidently predict that it will fall back to the earth? Not really! Likewise with my prediction about gold in a fiat-currency system.

Matthew

gladius_veritatis · « **Reply #3 on:** March 08, 2008, 02:01:43 PM »

Silver has gone up almost 40% just this year. Platinum has gone up over 40% in 2008.

BUY SILVER - NOW.

marasmius · « **Reply #4 on:** March 08, 2008, 02:46:27 PM »

Quote from: gladius_veritatis

Silver has gone up almost 40% just this year. Platinum has gone up over 40% in 2008.

BUY SILVER - NOW.

Another reason for the Pope to keep that silver menorah he will be given when he visits the USA in April.