RE:RE:RE:RE:RE:State of the US EconomyPersonally, I think FatCat has a valid point. This market is long overdue for a severe correction. Severe, because of the unprecedented debt loads of governments, central banks, corporations and individuals. Investors would be wise to heed Jim Rogers and others opinions about the pending crash and its likely severity.
Im my opinion, the stocks to suffer most will be those with large gains booked, because when margin calls come, investors will sell their profitable holdings to raise cash, driving all stocks down.
I have traded PYR from 0.25 all the way up, then sold all, and bought back in again at 0.40 and am still holding. I agree it could take a hit in the crash to come for the above reason. So, investors should proceed with extreme caution, although this is a long-term, sure-fire winner.
Only good junior stocks, close to their 52-week lows, might escape the drop, if the business has a place in the future economy, and shares are closely held by management.
So, please folks do not disparage someone who advises caution. What FatCat said about himself may have been to establish his credentials and not to boast. He certainly did not seem to be a troll to me, and I don't know who he is. Politeness is an endangered virtue.
Just another opinion from a long-time PYR investor.