The Economy.. will hi end audio mfgs lower prices?
Will there be a shake-out in high end audio? Will we continue to see $10k preamps and $30k amps? If the "banksters" keep paying themselves average bonuses of $112,000 then I expect $30K amps will continue to sell easily (especially if taxpayer bailouts foot the bill). The only question is how sustainable is all this? I mean how long can taxpayers continue to bailout financial institutions so that their employees can easily buy a $30K amp each year? |
{quote] ut of curiosity, can you tell me a stock that the stock market has treated kindly [/quote] Gold has done well. I advised this a little over a year ago when I warned A'goners about the coming stock market rout and financial crisis. Everyone laughed at me at the time. My Puts (taken out in Dec '07 betting against the DJIA did pretty well too. |
Okay Shadorne, so you were right. Tell us what's next. Will Dow go down to 4500 as some now predict I began buying back in when the market dropped close to 50% (bargain hunting). Right now I will continue cost averaging down as the market falls further (can't predict bottom) - still roughly 50% cash down from about 70% cash before this mess. I am also betting against 30 year T bills - I suspect we have a bubble and that yields will start to rise again back to historic norms. I like Canadian banks, pharmas, utilities with high dividends and of course gold, if you have the stomach for it, oil & gas shares (tend to always be cyclical and should come back) are very down trodden. Right now I'd guess it is two years to go before the market comes out of this funk - so utillities with high dividend yields are attractive too. Real estate will take a lot longer to begin to recover perhaps as much as 7 to 10 years but it should also bottom out in the next year or so. FWIW I am fearful of inflation ( I know this runs counter to what we are observing right now but it just feels likely with all this money being printed and increasing debt. ). Things to watch for: Eastern Europe is in trouble. Russia also cannot survive a long credit crunch and low oil prices so definitely more headwinds out there. China seems well armed (wealthy) to handle things. However, I take comfort that Libor spread is not as big as it was - the healing has begun - credit markets are thawing. Wish I had a crystal ball...Great Depression is still a possibility but I hope Governments are sush a large part of the economy that I think we should (if managed prudently) avoid that. This is where we are. |
Republicans believe in deregulation but that only works when these institutions are honest & can be trusted. Good one. Yes indeed what can we "trust" - the problems run deep! "Trust Me" the wild claims are all bona fide from Speaker cable and interconnect manufacturers (especally above $100) Global Warming Alarmists and the IPCC The next new wonder drug, diet or herbal remedy The always low government reported Inflation figures Food safety (especially dog food, babies milk and kids chocolates) Drug enhanced atheletic perfroamces Under age olympic gymnasts Did anyone read about how hard Markopolos tried to warn the SEC about Madoff (many years ago)? Just WHO can you trust and WHO can you turn to these days? (The silence is deafening) |
