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So any thoughts on next week? 2 Trillion EU rescue package brings stocks up 20% in one week?:)

If this slump continues 1 or 2 more weeks Dexia is ready to fold and governments are preparing themselves as we speak for a solution. Nationalisation, bad bank good bank, merge with a bigger bank... All options are on the table according to top inside sources...:)

There is an article in my weekend news paper today about bankers taking a 50% haircut or worse just to get out of the financial sector. The pressure, the public outrage, the loss of moral, .... The interviewed say they just had enough and never felt better then after quiting their high...

I lost 10% of my networth last week measured from the all time high of late august. My stockperformance from year to date went from +50% to +25%. Quite the hit right... Goes to show how profit isnt profit until it is realised.

Look at silver. Yesterday down 10%. Today down 10%... Yikes...

Good post and good thinking. I like the pyramide aproach of structuring your portfolio and as I have stated many times here the base of my pyramid is physical gold, the top are mining stocks. I am a euro resident and gold in Euro's is down 3% from it's peak so for now my base is doing what...

I live in a 10 million Eurozone country as small as 360 square km that is basically divided into 2 parts. The one part is home to a population richer then the Swiss, the other part has youth unemployment worse then the Spaniards. Say to someone living in the first there is a depression he...

Ford went from 1$ t0 10$ in 2009 after the crash of 08. Didn't own it... How should we play the coming rebound... when it comes? Low risk maximum gains please...:)

Imagine where the CHF would have been if they hadnt pegged it... Beyond parity...:D

Doent the Eurozone has a trade surplus? And how much is the combined Eurozone deficit? About half that of the US and the UK I think... But let me guess... That's because the UK and the US pay for Europe's defence right. So nice... So altruistic. It's a miracle.

All Americans think they have a better living standard then europeans who are either unemployed and living on welfare or work some piss job taking 5 hour siestas with their 90% muslim co workers. All Europeans thank the gods they don't have to work 3 jobs to make rent, without any healthcare...

Yes certainly. But Apple pre 2000 really was shit. Who could have known... I'm sure in 5 or 10 years time we will be hitting our head for not buying X or Y too.

I live in Europe. I just had an MRI taken and I got 10$ back. I pay 100 $ a year for insurance. That has to be worth something but ofcourse it depends on each and ones personal preference.

I've been thinking a lot about Faber's article from 1999 where he recommends Bill Gates to buy gold. http://www.forbes.com/global/1999/1115/0223099a.html In retrospect he wasnt the only one to make the call and who knows maybe he was lucky but clearly the suggestion was golden. Now I look...

The law specifies no capital gains taxes need to be payed if the portfolio is managed 'as a good housefather'. Which in reality means they check the frequency of transactions. Given the vagueness of the law and the cultural standards here leaning towards southern europe control on it has been...

Daal, thanks for the feedback. The burnrate is pretty high as my mother who is single and retired on a very low pension is eating up the nest egg as well, the increasing rate of inflation, etc. Regardless i am of the opinion there is always a certain amount of uncertainty one can not...

Would you buy the index or rather the most strong individual companies?

I am thinking of buying my countries semi state owned telecom operator for my grandma. It's called Belgacom. They offer a 10% dividend yield (!) and have some of the safest risk profiles compared to its european peers. They made no big debt serviced aquisitions in the last decade... As...

Good observation and I agree. Marc Faber always said, If you wanna know how the economy is doing ask a prostitute. Maybe the likes of Paulson and Boltons prostitutes are too rich themselves to give them any valuable ground level insights...:p

Makes sense in a way no... The bigger you become the more dificult it becomes I would think.