How do you spell Greece? D-I-S-A-S-T-E-R
Remember Greece? Yes, that's the very same country that created all the problems for the world's economies back in 2008. Well, Greece is back and the problems could be even greater this time. I'm not sure who it was who said this, but it has been said that you don't solve debt problems by piling more debt on to more debt. I agree, but that is exactly what the world has been doing since 2009.
In every great challenge there are great opportunities and 2015 could be one of those extraordinary years when smart investors can do very, very well. I don't think it's going be on the long side of the market, however. I think this bull market that has been going on for six years is about to come to a screeching halt as reality finally sinks in and we begin to pay for the folly of our deeds.
Now that scenario could be what is facing investors in the next 12 to 18 months. But as I mentioned, there are great opportunities in times like these and I believe the Trade Triangles can deliver the profits that you are looking for.
This Portfolio is knocking it out of the park in December
Huge gains in MarketClub's World Cup portfolio this month, the short crude oil (NYMEX:CL.F15.E) position is paying off magnificently with an open profit of $13,410 not counting today's move to the downside. Other big winners for this month are gold (FOREX:XAUUSDO) with an open gain of over $2,000 and the U.S. Dollar Index (NYBOT:DX) with an open gain of $1,860. All told, the World Cup portfolio has an open trade profit of over $18,646, making the returns on the month of December so far just over 37%.
The great thing about the World Cup portfolio is that there is very little correlation between that portfolio and the stock market in general.
In today's video, I'm going to be looking at the World Cup portfolio and the current positions in that portfolio.
Time permitting, I'll look at a couple of stocks that I still like on the upside and one stock that is taking a breather before it moves higher next year.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Aw shucks. From the headline I thought there was going to be some substantive discussion of why Greece's economy is what it is, and maybe even some bright suggestion about how the Greeks might fix it. Instead, just the same old hoohah about debt being a no- no (and by implication, "No Keynesians Need Apply.") The article proves just to be a puff for the MarketClub's World Cup portfolio. Nothing substantive about Greece here.
Oh, and BTW, Mr. Prater's "cow poop" does indeed produce a thundering lot of methane worldwide, and yes, Virginia, methane IS a greenhouse gas. One would think everyone would figure this out who stuck his head up his own lower GI tract, as human digestion produces it as well (think "musical fruit") -- but as Barnum famously said, there's one born every minute, which perhaps is what makes commodities speculating so much fun.
This bull market that is going on for six rears, can go on for an other year or two. Next the mining stocks have to go up strong as they usually do at the end of a bull market. Buy Hecla HL now end sell it between $5-6.
Greece created all the problems for the world's economies back in 2008 ?
That is like saying a butterfly is responsible for the extinction of the dinosaurs 🙂
Remember when cow poop was being blamed for global warming?
Agreed! Grece was just a symptom and now perhaps the canary in the debt mine