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stock surge...under bush??? no, no, no no...
Old 09-21-2008, 08:52 AM stock surge...under bush??? no, no, no no...
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I was just wondering what people thought of the recent stock surge, we hardly ever talk about good news in here.
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Old 09-21-2008, 11:04 AM Re: stock surge...under bush??? no, no, no no...
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I liked it.. I've been playing the metals and stock markets lately and am about ready to scale back for a while..

I got out of platinum about a while back.. Still talking with people that know more than me about these things as to why it more than 50% of it's value over the last couple months.. Very strange behavior..
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Old 09-21-2008, 12:31 PM Re: stock surge...under bush??? no, no, no no...
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I'm certainly no expert, but my understanding is that precious metals will drop in value as money floods back into stocks and confidence in the U.S. dollar builds. Buying gold and gold coins goes hand in hand with that "doomsday" preparation mind set, and its been a hell of a run up. If for no other reason, maybe its just another overvalued bubble ready to burst.

Personally, I wasn't worried about our economy UNTIL Bush announced a 700 Billion dollar bailout program. For me, that instilled more fear than confidence. It will be interesting to see how the markets respond to it on Monday.
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