ALBERT HERTER

MY TAKE ON THE THREE DAY ROUT IN THE MARKETS. I LOST MORE $ YESTERDAY IN ONE DAY THAN EVER IN 45 YEARS OF INVESTING. AND WHAT’S MY MOVE TODAY?

In Uncategorized on May 7, 2010 at 17:23

GREEK BONDS ARE THE LATEST CAUSE FOR PANIC.

We buy on the sound of cannons.

We sell on the sound of trumpets.

Month ago I bought Fidelity Global Commodity Stock Fund. Put $500 into it……for discussion sake.

Yesterday it was down 12% since I bought it.

So I put in order today to buy another $100.

Buy on the way down; sell on the way up. The reverse of most sheep.

I believe most of this turmoil is a cover for the E. U. to pony up enough billion in euros to bail out the French ^ German banks, which hold an enormous amount of the Greek bonds.

Stay tuned.

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