Credit Crunch – The New Diet Snack for Financial Markets (A MUST READ)

Prudent Bear ^ | September 5, 2007 | Satyajit Das

[jwh_Denver]

Thanks for the info. Stockcharts shows VGPMX and OPGSX just about even percentage wise. I’m tapped on mutual funds at this point as I now also play individual gold stocks in another account.

That 5.7% upfront sales fee would be a real hurdle for me if I could purchase any gold mutual fund I wanted.

[dennisw]

You have no more $$ to invest? So what. Check out an oil services such as Fidelity’s some time. More speculative than oil http://finance.yahoo.com/q/hl?s=FSESX

[Gritty]

My brain practically hurt just reading the entire article. This makes the looming Social Security disaster seem the model of good financial sense and judicious efficiency.

It is amazing the smartest people in the world are always turning out to be the dumbest. The principles have never changed - just the shape of the tulip bulbs.

It all seems to boil down to two words: "We're Scr*wed!"

[jwh_Denver]

I like where I’m at now. Thanks.

[Diana in Wisconsin]

“The principles have never changed - just the shape of the tulip bulbs.”

Excellent quote. Freepers are the smartest animals on the planet, I swear. ;)

[GodGunsGuts]

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