Must read and re-read and keep on the kitchen refrigerator.
He's quite bearish, wouldn't you say?
pretty dire predictions. the only one i wonder about is oil. i'm not saying it won't surge up but i'm more inclined to see it fall off in '08. i've seen other discussions like this and credit cards, which are unsecured and apparently 'written off' more often than we would think, will become a huge liability. just as subprime made for a fast huge run-up, abused credit cards have done the same thing; it just took longer. when people stop working and spending they stop driving. oil won't be able to hold up
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beanie,Name you time frame and I will bet you that SLX or MOO will outperform PBW.
3 years from now:PBW from 25 to 100 (hell yeah!)SLX from 88 to 350MOO from 53 to 210NLR from 39 to 155Which is more likely? PBW, back up 9 trucks.Btw, PBW is an etf. Nothin wrong with 50% of your money in it. Just watch the sector and watch the chart for developments.