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Friday, February 27, 2009

Obama Proposes $3 Trillion-Plus Budget | Page 2 of 2 | Bonds/Economy

Obama Proposes $3 Trillion-Plus Budget | Page 2 of 2 | Bonds/Economy | Financial Articles & Investing News | TheStreet.com
One thing that has always been clear to me without a doubt... you can find supporting material for whatever you believe out on the web. Anything. Search hard enough and you can convince yourself about anything. At some point, you have to take all of these so-called expert's opinions and make an educated guess for yourself. Until we have time machines, nobody can predict the future with absolute certainty. Any expert who says, "this is how it will be", is probably writing from his 1-bedroom apartment in the Bronx, eating out of a box of Cheerios for lunch. Where were all of the experts when the Market crashed back in late 2008? They were on the unemployment line, probably giving advice to each other. I joked about doing the opposite about what I say to do (financially speaking!). But there is something to be said about doing whatever is unpopular. I think it's Warren Buffett (another over-hyped guru who got lucky) who said, "buy sweaters in the summer, and shorts in the winter." Or something like that. I am going to buy ice, as global warming is coming!

2 comments:

Unknown said...

And to extend that buy sweaters in the Summer thought... if everybody thinks Gold is going to go bust once it approaches or punches through $1,000/oz, then it stands to reason that those few people, who are the minority, that ARE BUYING at $1,000/oz maybe are the smart ones. There always has to be a buyer for something to sell. Someone has to buy at $1,000/oz. Who will step up to do so?? Everybody, when gold crosses $1,100... mark my words. Within 2 months. Prediction made. You saw it here first, a SRC Blog exclusive. Dan E. calls for $1,100/oz gold by the end of April 2009! Spread the word!

Unknown said...

Ka Ka Ka KA-BOOOOOOOOM!!!!!!!! Gold off to $1,100/oz!!!!