[Money-matters] Money Matters Update Dec 15 2008

Tue Dec 16 01:53:32 UTC 2008

Marc's Notes:
Feds meet tomorrow for another interest rate cut. Oh boy.. More easy credit.
Gold and silver up slightly again.  Great news and expected. Expect higher
gold and silver with another cut. 
Interest rates still falling. Deficits growing.  
No surprises.
US dollar still holding fairly well. Incredibly. Some day it will crater and
maybe they will not be able to stop it. I pray that day never comes.

Market bias neutral turning slightly negative. No auto bail out YET but you
can count on some damn bail out of some sort. Congress couldn't stop
bickering so the White House will give them at least something. The market
will lose its steam in February after the OBAMA inauguration. 

Real Estate News:
More then half the renegotiated home loans are defaulting AGAIN!  Sounds
incredible but is no surprise. These dead beats CANT MAKE THE PAYMENTS.,
Period.
Lower the rates all you want. Entice more credit, more debt. More borrowing.
More unqualified borrowers. It wont matter.
I spoke to a good friend of mine who is a realtor and we both agreed it
would be better for him and better for the market if they would just let
housing crash.
Lower prices would mean more buyers for HIM!  All this propping up hurts the
market, not helps it. Realtors would SELL MORE with lower prices, and we
wouldn't have to bailout people who bought more house then they can afford.
But liberal meddling will trump reason. Expect a MASSIVE renegotiation of
home loans cloaked in another MASSIVE bailout in January.

Holdings:
RRPIX interest rate fund - Add      This is insurance against a falling
dollar. This fund is falling but is our insurance against catastrophic
dollar implosion. Also pays you to hold it.

SLV-  Our trade of the century.  50 % downside risk, 400 % upside.   Add
ditto for gold.

Physical gold and silver- You will be glad you hold these next to your
shotgun someday. ADD, and buy lots of ammo for when the Zombies come.

Energy and Super Dividend Payers- Rising slowly. Oil is our second trade of
the century. 50 % downside risk with 300 % upside. I like those odds.

Super Dividend Payers- STILL PAYING!  ADD the energy ones on our list. But
go easy. Another market crash is coming but I cant tell you when right now.
Need the list? Email us. (FEE).

Autos- Gambler blue light special. Up 20 % since our mentioning it. Sell
with the bailout news and get the hell out. Our automakers are DONE FOR but
worth the bounce on the news.

UNWPX- Precious metals fund. Rising after its huge dividend. Those holding
it will soon recover the dividend hit. Then we ride it to more profits. I am
still looking for a double here long term.

BEARX- rising after the dividend hit.  HOLD  but DO NOT ADD. It is now
loaded so we look elsewhere. Hedge you long positions with DOG for now, or
QID or SCC.

T BILL FUNDS:    SHY  VIPSX  TIP     Still rising but will get slaughtered
when the dollar gets hammered but HOLD for now. Ditto with bank CDS. I will
tell you when you should get concerned. Hold in equal amounts with RRPIX for
protection. Most of your money should be in Bank Cds and these funds, along
with energy dividend payers and offshore in Swiss Annuities, and gold and
silver holdings. Email me if you would like a free book on how to move money
offshore without anyone knowing.

Retailers- Will get a boost with a bailout package otherwise I would bet the
farm on these. Retail numbers will be HORRIFIC so shorting a few might be
ok. You can use SCC for a fund, but beware of an OBAMA bounce and a stimulus
package BOUNCE. This is a toss up only because of government stimulus. The
fools in Washington are going to drive us all into the tank with these make
work money, money printing packages. Idiots. But you cant bet against these
guys, or at least not bet much. 

Banks - Still reeling. More bad news will rock the markets. You might
consider SKF for quick bucks but this funds IS SUPER DANGEROUS, so only for
the quick and experienced DAY TRADERS. Long term traders DO NOT BUY!  Expect
MORE BANKS going under as we keep saying. (2 more went under last weekend).

Upcoming Shows:

No show scheduled as I have a few weeks off.

Email me with any questions. I have room in January to meet with anyone who
needs to talk with me but let us know quickly. Anytime we put this out, it
goes quick! 
Out of the area?
Phone consults are just as effective, and cheaper !

That's it for now. Shoulder surgery looks more definitive now. Ouch. I am no
fan of the knife and Doctors (except my friend DOC JOHNSTON and Dr. P)  but
I want my arm to work 10 years from now so I may be in for 6 weeks of hell.
Thanks for all who emailed me on their experiences on this type of surgery.

All for now. I will try and email all of you before I go on vacation for the
holidays!  Have a GREAT holiday!

Marc

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