Investing Opinion
Anyway, I know that right now there are many situations that aren't working. But if you know the dollar is going to be weak -- a real rich person's supposition -- if you know that real estate is going down -- another rich person's supposition -- and you know that there is uncertainty in Washington -- another supposition shared by all -- and you know there is a world wide energy shortage -- something everyone knows -- then why can't we try to profit from those and identify stocks that are in the gold, natural and gas and overseas markets?
What's so outrageous about that? What's wrong with trying to find something in Brazil that makes sense that has come down like Petrobras(PBR)? Or what's wrong with taking a position in a British Pete (BP) with new management and a 5% yield? What's wrong with looking at an Asian stock, where business is excellent, or a Canadian or Mexican stock where the currencies are strong and minerals are abundant? Why not be in RIO(RIO), which is Canadian and Brazilian, or Bank of Nova Scotia with Canada and Caribbean properties? Look, I am not trying to rationalize what I do or what other good people on this site do. I am saying that doing nothing is a luxury that 99% of Americans can't afford. You have to work your money to make more money. For those who would criticize that drive and need to help those people, here's what I have to say: You are rich, good for you -- now let others try to be rich. Empathize with their plight in this environment. And stop knocking those of us who try.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.86
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |


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