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....
per steve88's point Peter may
Peter Campbell interview
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)