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!
Get out go to cash.
Peter Campbell interview
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?