Yep, thanks for the tips. There are 1-yr dried food supplies that will supposedly last for 25 years. I haven't done much shopping around yet though. I have a friend who has gold and gasoline and food stored up - he also doesn't own a house and is renting at the moment. I would love to get off the grid at some point, mostly because I like to be self-reliant. I don't want to be a hermit though. I think loners wouldn't survive as long as cohesive groups would. We shall see... these are exciting times we live in. :-)
Real estate would be nice to own, especially if it's usable for hunting and/or water rights. Then again, if the FSA comes to visit, guns and bullets will be a better investment. Gold and PMs... eh, not sure yet. You can't eat it or use it for anything but a store of value, and it can be taken from you like you said. I'm thinking a $1000 investment now in a food supply will be good.
I think we are past a point of no return now. The CBs have committed to the course of action started several years ago, and will drive it until it goes off a cliff. There is too much pride and stubbornness on the line, and I don't think they will reverse course. I am now thinking about divesting myself of all fiat wealth and using it to buy hard assets that will help when the SHTF. And I think it will soon.
Can't say anything bad about the Redskins because my team is the Bills and... nuff said there. :-) But the Fed will keep rates low because of the NON growth. If there was actually any growth going on, they would actually raise rates. But actually... neither will happen in the near future.
Being a contrarian, I just wanted to say that to give us bears something to hope for. Maybe if I make bullish declarations it'll make the market go back to reality.
I am ashamed to say that I finally was convinced to get out of my short position. I should have stuck it out for principle sake, but it was getting boring watching my account dwindle over 6 years. Oh well... sometimes it's comforting to be a sheep, even though you get sheared.
My approach is mostly a summary of all of the news I see, coupled with the pain I have had in the past, coupled with the successes I have had, and throw in a little intuition and some reliance on expert opinion. In order words, like 99.9% of the rest of the world makes trading decisions. :-)
I don't day trade any more... I don't have the time or patience to watch ticks and market noise all day to try to decipher it. This is IRA money I am investing that I talk about in this forum, which is more for the long term, like 10-20 years out.
I do also write trading algos for people, and I am working on one now that trades Crude futures. But I have not written a trading algo yet that makes money consistently or without some human intervention.
"I don't recommend doing anything because of another poster's actions" Oh, way to kill my trading method. Now what do I do? haha
I might close my SCO position when oil drops back to 48 or so and find some other vehicle to make me rich. SQQQ? sure why not.