RE:RE:RE:RE:State of the US EconomyHey there, Mike.<br /> <br /> Nice to engage in this discussion politely and without name-calling.<br /> <br /> I beg to differ with your supposition that "companies like PYR will suffer the most, unlike mature companies"<br /> <br /> In reality, mature companies will be the hardest hit, because their share prices have been pushed to the moon. It's got nothing to do with cash flow. This is the problem with the markets today. Stock valuations are at ridiculously high prices and far exceed their normal p/e ratios. That's why the Dow, S&P and Nasdaq are where they are today.<br /> <br /> Individuals and other investors (hedge funds and pension funds and high net worth investors) have bought shares and junk bonds with margin accounts and these are at their highest levels ever in history. Governments, corporations and individuals are up to their eyeballs in debt. Debt is universal - EU, China, emerging markets all owe trillions. The world has never carried as much debt as today. So, when the market tanks, and it will, investors in debt will sell whatever they are holding at a profit to fulfill the margin calls. They will need to raise cash.<br /> <br /> Of course, PYR and other juniors with share price gains will also lose ground, but not like the major corporations (with cash flow) will.<br /> <br /> There will be no company left unscathed. Some will be sold off more than others.<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Your only protection is to understand that you are a nobody, a pipsqueak, in the context of the market. You will be used and abused, if you are not smart and able to see ahead of where we are now, to prepare accordingly and protect your money. Cash will be king when the crash occurs, as FatCat has suggested. So, hold your positions for now, but accept that tomorrow, or whenever, you may wake up to a totally different world. That is the reality we face today. Only the strong, smart and agile will survive. The rest will be victims and much poorer for their lack of discernment and their belief that all is well, and tomorrow will be the same as today. The VIX is at an all-time low, and that should be a big red flag. So, good luck all you PYR investors, and, as Bob Moriarty says so often, "Nobody Knows Anything, and, Don't Lose Money." IMHO, this is another casino, "you pays your penny, you takes your chance". Invest smart, and protect your nut.