Friday, March 31, 2006

Rainy Day in L.A.

The blog staggers on. It continues to not die. I've been distracted with too much bullshit lately and haven't been able to devote a lot of time to the OG, which is withering away. Our death series was clearly our weakest series yet. I'm making no promises for April. But it is always fun to choose a new theme, get excited about it, and then fail to follow through, so that's what I'll do now.

Tokyo Stock Exchange

Putting death behind us, the new theme for April is economics. Hooray! I can feel the excitement from you, dear reader, just contemplating the thrilling possibilities. Edgy analyses of the bond market, sexy descriptions of floating currencies, provocative predictions about interest rates. Here's our first tip: consider investing in commodities. Copper and gold are at record highs. What gives? The OG explains in April.


mhelbing said...

I don't know if I agree with your recommendation to buy commodities when they're at record highs. Think of the oft-repeated maxim "buy low, sell high."

mhelbing said...

To elaborate, it takes a iron stomach to buy, for instance, a security when the security is heavily out of favor and the price is dropping. It also takes an iron stomach to sell a security when everyone else is buying and the price is skyrocketing.

mhelbing said...

This quote from the article you link to in your post sums it up well:

"What's really going on here is that investors are fearful they'll miss out on further gains, so they're just chasing the market," Evans said. "I would strongly caution people about simply joining this rally without thinking twice about how much risk they're taking. High prices also mean high risk," he said.

Octopus Grigori said...

True, true, true. The OG is late to the game, but thinks gold and silver will continue to rise. The OG is also attracted to sparkly things.