Being long till September 18tn, 2009 4:11 PM EST in bonds, stocks and minerals:
It is advisable to be diversified with all the listed classes,
Within each class it is advisable also to be diversified.
Minerals are Crude Oil, Precious Metals, Base Metals.
Then before The Crash you should sell all of your assets. You should own none. Even the house you live in.
You go short the same portfolios this time you don't need to be diversified.
The fall will be brutal.
We have determined that the fall will take place at 4:11 but don't be too greedy.
The Market will go up strongly with high volumes till the Crash.
It is called a bear trap, but the fall will take place. I promise.
"If I may be allowed to appropriate the term speculation for the activity of forecasting the psychology of the market,
and the term enterprise for the activity of forecasting the prospective yield of assets over their whole life,
it is by no means always the case that speculation predominates over enterprise.
As the organization of investment markets improves,
the risk of the predominance of speculation does, however, increase.
In one of the greatest investment markets in the world, namely,
New York, the influence of speculation (in the above sense) is enormous.
Even outside the field of finance, Americans are apt to be unduly interested
in discovering what average opinion believes average opinion to be;
and this national weakness finds its nemesis in the stock market.
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