VIX 1,000… $6,000 Gold… and Dow Zero by October
- Posted by Howard
- on September 6th, 2011
We are doomed!
Capitalism is dead because Nouriel Roubini said so. I mean he has a Wickipedia page.
Grab your guns like everyone else ($RGR).
We are more connected than ever and it is amazing that $VIX 50 is not the new normal. Any math person will tell you this. Tiger Woods was a billionaire and global icon just three years ago and has financial problems today. Nobody had created odds for this outlier. They will happen more frequently now that we are all so connected. Good luck guessing and timing them.
The question is are you prepared for $VIX 50? When 50 on the $VIX becomes the norm, we will all look back at the good old days of 2011 when the $VIX was just bouncing between 20 and 40. Remember the good old days of $20/barrel oil?
YOU can have a plan. YOU can be ‘too small to fail’. YOU can be in cash and invest in yourself.
There are jobs available. Learn to code maybe? Learn Mandarin.
Open Your eyes. EIGHTY percent of the information we receive comes from your eyes (it must be true as it came from a TED speech).
It’s not pretty out there for sure, but nobody has a real plan for true chaos. Some people are just paid to yell their big plans really loud.
I smell opportunity yet again.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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