quote:

Originally posted by steve8:

quote:

Originally posted by g-man:

if you feel the fed is going to start raising interest rates in the future, then gold would be a very poor investment.

You might want to check the historical performance. In 1980 gold was at $850 and the interest rate was 14%. Take a look at the period from 72-75 also. I assume you think increasing rates will help your dollar, which will hurt gold? It didn't do much between 2004 and 2006 did it?

I'm bullish on gold because I think inflation is really going to accelerate now. It has already started, but the Fed plays hide the weenie by excluding several things when it reports it's numbers.

in 1980, inflation was at an INSANELY high level so the run up of gold was there already before interest rates were jacked up to 14% but look at the clamp down affect it had from the 88-2000 periods, record low inflation and record low gold prices.

I'm just pointing out there is a correlation between inflation and gold. And there is a correlation between inflation and fed rates. They may disconnect temporarily, but they do fall in line afterwards as there is a lag effect.

If you forgot in 2003-2004 Greenspan was worried about "Deflation" and aggressively lowered interest rates, leading to, arguably, our housing bubble and current inflationary environment.

As with historical performance.
If you had bought gold in 1987 as you thought inflation was going to shoot up, you would have been very upset that gold would have lost you money until 2004 where gold finally made back it's high in 87.

Fed fund rates have a lag effect that people don't consider when they think "raise rates... fight inflation".

Anyhow if I had a crystal ball, I would have bought dell at 1$ and not be worried about this "Credit crisis"

To make lots of money in the long run requires buying low and selling high. Seems obvious, doesn't it? The problem is the potential short term damage if one is too early.

For myself, I am not buying anything yet. But if one were interested in trying to catch a falling knife, one has to be intrigued by the possibility of investing in SUVs right now.

Ducking to avoid the rants of those who think recent trends will continue forever into the future.

Moo

quote:

Originally posted by Sacred Cow:
But if one were interested in trying to catch a falling knife, one has to be intrigued by the possibility of investing in SUVs right now.
Moo

Thanks for tonight chuckle, SC.

quote:

Originally posted by Sacred Cow:
Ducking to avoid the rants of those who think recent trends will continue forever into the future.

Moo

Does a bovine market follow a bear market?

A true bovine just wants to be left alone to his life of cud chewing and flatulence. GW be damned.

As to a bovine market after a bear market, discuss. Sell in May and go away.

Moo

quote:

Originally posted by Sacred Cow:

As to a bovine market after a bear market, discuss. Sell in May and go away.

Moo

Why the grief? Have some beef.

quote:

Originally posted by Sacred Cow:
But if one were interested in trying to catch a falling knife, one has to be intrigued by the possibility of investing in SUVs right now.

Actually.....for the last several months I have been looking for some bargains. Not SUV's, but big, fullsize, diesel guzzling trucks. Surprisingly, people are still willing to buy these, and are paying too much for them. I can't even find a deal. What's wrong with these people, don't they realize that diesel is more than gas?

Apparently, the wine business is still doing better than most.

GM stock hits 54 year low.

Where is the bottom?

And, don't get me started on newspapers. I've got a bit of Gannett stock, and nice to see it bust through $20, when it was above $80 just a few years ago.

Why GM decided three years ago that their long-term plan was to build and sell trucks and SUV's is beyond me....although it probably made sense after they started to sell all those hummers.

I got killed today.

quote:

Originally posted by WineTrooper:
Why GM decided three years ago that their long-term plan was to build and sell trucks and SUV's is beyond me....

Three years ago, it was their only profitable part of their business.

Now, that is now dead as well.

quote:

Originally posted by Board-O:
I got killed today.

It is getting ugly Board-O.

quote:

Originally posted by wine+art:
GM stock hits 54 year low.

Where is the bottom?

I hear some analyst think GM might face chapt. 11 soon. anyone else hear this?

quote:

Originally posted by wine+art:

Three years ago, it was their only profitable part of their business.

Now, that is now dead as well.

unfortunately, 12 years ago, they dumped the electric car. they would be cornering the market about now had they continued. which goes to show you, GM's got no vision. and they only have to look in the mirror for someone to blame.

Well, nothing but bad news on the Squawk Box this morning.

Oil over $145 this morning, rumors on job report in about an hour could be brutal, ECB going to raise rate by 1/4 and consumer spending in a free fall.

Grab your wallet, not looking good going into a three day weekend.

quote:

Originally posted by Jfont:

quote:

Originally posted by wine+art:
GM stock hits 54 year low.

Where is the bottom?

I hear some analyst think GM might face chapt. 11 soon. anyone else hear this?

... they are running out of cash quickly.

It's really a shame. Cadillac is producing some outstanding vehicles. I've been considering the 2009 CTS-V when it comes it out this fall, but the mileage will be absolutely horrible, I'm guessing.

quote:

Originally posted by wine+art:
Well, nothing but bad news on the Squawk Box this morning.

Oil over $145 this morning, rumors on job report in about an hour could be brutal, ECB going to raise rate by 1/4 and consumer spending in a free fall.

Grab your wallet, not looking good going into a three day weekend.

I haven't been watched Squawk this week so I can be in this avoidance mode so I feel better about the long weekend.

Thanks so much for filling me in

quote:

Originally posted by Board-O:
It's really a shame. Cadillac is producing some outstanding vehicles. I've been considering the 2009 CTS-V when it comes it out this fall, but the mileage will be absolutely horrible, I'm guessing.

Would imagine it'd be pretty decent actually

probably in the 15 for city and 23 for highway range.

very slick car

15 mpg city with 556 HP?

quote:

Originally posted by Board-O:
15 mpg city with 556 HP?

the corvette is pushing 16 city with 520 hp.

the viper with a v10 has 12mpg city

ford shelby gt500 pushes 14mpg

so yea it's a fair estimation =)

GM stock below $ 10 per share for 1st time since Ike administration.

Ford at $ 4.47 Chrysler colosing many plants

Ford going down, and Chrylser looking to borrow millions.

All of the auto execs should look into the mirror. They all screwed up in last few years. swear they were seduced by the oil companies as to endless supply, low price, and keep selling those 14 mpg hogs