He's a member here -- I think Matt and Steve know him. I
keep mentioning his name because IMO, he has a pretty good
understanding of both the problems out there (massive 30 year
credit bubble), and the consequences (the popping of various
inflationary bubbles). He is pretty bearish indeed, so he
could be compared to the dreaded Prechter. I believe most of
his trading is executed through mechanical systems that he has
designed.
Get out go to cash. 40-50% unemployment. Dollar and a few other
currencies are safe havens. Silver to 2 oz. Gold to 500 oz. Muni's
crash. Bonds negative yield.
He also says that if he's wrong, better safe than sorry and 5%
potential upside (loss) is better than a 60% loss. This unwinding
,in his view, is on the fast track.
Posted by marketguy on 28th of Sep 2011 at 07:38 am
per steve88's point Peter may be overshooting on some of his
numbers to the downside but the reality is many of his points are
valid....if/when all hell breaks loose (Grecian style) you better
be prepared....that's mainly his warning....and I completely agree
as most of our society is oblivious to how bad things could
get.....
I think his most valid point is his risk/reward to the markets
right now....I would tend to give the upside a little more credence
to possibly as high as 10% from here but I think the risk to the
downside of 50%+ is much more worrisome....
Campbell is a end of the world guy.... so how do one trade
under this scenerio?
I bet he dun do any trading at all if he indeed believes the bs
he's sprouting. 2oz silver, 500 oz gold, and WWIII - be realistic
Peter.... or just hide in a cave till all this is over!
He's a member here --
Peter Campbell interview
Posted by kalinm on 27th of Sep 2011 at 08:49 pm
He's a member here -- I think Matt and Steve know him. I keep mentioning his name because IMO, he has a pretty good understanding of both the problems out there (massive 30 year credit bubble), and the consequences (the popping of various inflationary bubbles). He is pretty bearish indeed, so he could be compared to the dreaded Prechter. I believe most of his trading is executed through mechanical systems that he has designed.
Get out go to cash.
Posted by dblue on 27th of Sep 2011 at 09:59 pm
Get out go to cash. 40-50% unemployment. Dollar and a few other currencies are safe havens. Silver to 2 oz. Gold to 500 oz. Muni's crash. Bonds negative yield.
He also says that if he's wrong, better safe than sorry and 5% potential upside (loss) is better than a 60% loss. This unwinding ,in his view, is on the fast track.
Ready the barricades.
per steve88's point Peter may
Posted by marketguy on 28th of Sep 2011 at 07:38 am
per steve88's point Peter may be overshooting on some of his numbers to the downside but the reality is many of his points are valid....if/when all hell breaks loose (Grecian style) you better be prepared....that's mainly his warning....and I completely agree as most of our society is oblivious to how bad things could get.....
I think his most valid point is his risk/reward to the markets right now....I would tend to give the upside a little more credence to possibly as high as 10% from here but I think the risk to the downside of 50%+ is much more worrisome....
I'm just saying Peter's view
Posted by steve88 on 28th of Sep 2011 at 08:28 am
I'm just saying Peter's view is useless in trading - is he shorting silver at above 30 here if he thinks it will drop to 2/oz or shorting gold here?
I can also say after all this is over S&P will be 5000 say maybe 10 yrs out.... but does it mean one just go out and buy S&P here?
All I'm saying is that such views are USELESS - (any REAL trader knows better than to give such views)
Campbell is a end of
Posted by steve88 on 28th of Sep 2011 at 07:05 am
Campbell is a end of the world guy.... so how do one trade under this scenerio?
I bet he dun do any trading at all if he indeed believes the bs he's sprouting. 2oz silver, 500 oz gold, and WWIII - be realistic Peter.... or just hide in a cave till all this is over!
If you buy an inverse
Posted by mehciz on 28th of Sep 2011 at 12:48 am
If you buy an inverse ETF and Peter is correct, is the ETF company required to purchase the ETF when you go to sell it?