Monday, May 10, 2010

EU Crafts $962 Billion Show of Force to Halt Crisis... Stocks Rally

This is eerily familiar to the U.S. bailout of the financial industry just a few years ago.  Prepare yourself for some very, very tough times ahead, folks.  This is the U.S. financial industry on a global scale, starting with the continent of Europe!

Just as I did after the Bear Sterns failure, I will be using this upward momentum to sell stocks and get liquid.  This time around, however, I will be buying puts and/or getting short the market.  In case my economic and investment outlooks are incorrect, however-- I believe a deflationary depression is ahead of us, not an inflationary one, even though the governments of the world are trying their best to make it one-- I am considering buying a small portion of precious metals.  It's always better to be safe than sorry, after all. 

As I said in an earlier article, I plan on expediting the publishing of my investment thesis since the markets are beginning to resemble that of the U.S. in 2008.  I will publish at least part of my investment strategy this week, so that in case something dire happens sooner rather than later, you can be well-informed or, better yet, prepared for the worst.

No comments: