TSX:TECK.A - Post by User
Post by
nambuon Jul 29, 2009 8:14pm
562 Views
Post# 16176981
Sky is falling
Sky is fallingAgree that rebalancing and taking some TCK off the table into runups (earnings are always great timing) is always prudent, took my own advice last week. Full disclosure - sold 60% and
all my Western Coal too.
Also agree China is in the midst of an asset bubble and growth is from gov't stimulus there which is totally unsustainable. It is not the "engine" of global economies to lead a huge commodities surge in the short term. If your time horizon as a long is not out 5-7 years minimum TCK is a trader's stock, no? (Not to offend any bagholders - I
am one).
Sometimes a "light read" is worth a laugh - sentiment and emotion are everything in these markets...
https://www.marketwatch.com/story/investing-rules-for-the-end-of-civilization-2009-07-28
Look at the bright side - I just spent ten grand zombie-proofing my house and installing a new turret - at least I get the new Conservative home renovation tax credit and sleep soundly knowing the only shambling freaks that will eat my brains work at my broker's office...
;)
IMHO sky is always falling. I just don't look up all that much.