richjoy

Comment Stream » DBC

Comment Stream
Filter comments by:
Highest rated Latest comments
Or filter by symbol:
  • In Light of Peak Oil, Financial Diversification Is a Bad Idea
    oldgoldbug: Given your handle, I suspect you know something about 'can't miss' bubbles touted by those who reinforce each other with a steady stream of blather.

    Agreed, interest rates on long bonds and 10-yr notes are not set by the Fed...and in the face of growing inflation, should be still higher than they are today. Are they telling us there is more economic pain ahead?...perhaps (and if so, oil consumption will decline by still more than we have seen recently).

    May 31 12:48 pm |Rating: 0 0 |Link to Comment |View article
  • In Light of Peak Oil, Financial Diversification Is a Bad Idea
    Don't know why I bother, as you kids are so sure in your positions that you only half-listen to those with far more experience:

    I've been investing for almost 40 yrs. I've seen a number of bubbles, including sure-thing 'nifty-fifty', technology, and now peak oil. They come along and folks can't see beyond the hype, they think they will be money machines forever. They were not...and 'peak oil' won't be either.

    I've learned many lessons from my mistakes.

    I'll pass along just this one...over the course of the economic cycle, it isn't your big winners that are most important to your wealth; it's your big losers! If you allocate too much in one place, you are setting yourself up for huge losses.

    Therefore, anyone who tells you not to diversify should be shunned.

    That doesn't mean you should never overweigh 5 or 10% pts. in mega-trends -- like energy, alternative. energy, health care, or materials, for example...but anyone who leaves bonds and broad S&P 500 stocks out of his portfolio is going to pay dearly before this economic cycle ends.
    May 31 10:31 am |Rating: 0 0 |Link to Comment |View article
  • 17 Commodity ETFs to Hedge Your Portfolio
    An exceptionaly useful blog...thanks a million (or at least a couple thousands!)
    May 29 10:22 am |Rating: 0 0 |Link to Comment |View article
  • What I'm Reading This Week: Commodities, Inflation and BRICs
    Peak Oil--Have we passed it?...When will we reach it?...What about the oil yet to be discovered in deep waters using technologies just now becoming available?...What about the oil to be discovered on our own coastal shelf and ANWAR?...What about our own thousands of wells 'shut-in' in the 80s?

    Fighting over Peak Oil is getting us no closer to a solution.

    However, the fact that worldwide demand for oil is exceeding (present) supply is resulting in higher and higher monetary and social costs to meet the world's need of oil...thus clearly forcing us all to the realization that the world must broaden its energy sources to include wind, solar, biomass, nuclear, tidal, geothermal (and any I forgot to list).

    The higher cost of oil will be its own demise (thankfully). The sooner we bring more alternatives to the marketplace, the sooner the cost of oil will fall...and the sooner we will have a foreign policy that actually represents our national values.
    May 18 11:05 am |Rating: 0 0 |Link to Comment |View article
  • What I'm Reading This Week: Commodities, Inflation and BRICs
    Thanks...a multi-topic summary is just what I need on a Sunday...I especially appreciate the item on mega-trends.
    May 18 08:09 am |Rating: 0 0 |Link to Comment |View article
  • Where's the Bursting Commodities Bubble?
    Commodities of all kinds are in greater demand from a world that is seeing great numbers of "have-nots" become "haves" and "striving-to-have... There will continue to be corrections in commodity prices and related stocks, but the march upward in commodity consumption will most likely continue for a very long time.

    What is to stop a growing demand curve?...the only things I can think of are (a) an event (depression, disaster, nuclear war, or deadly illness) so widespread that it there is no immediate recovery or rebuilding; or (b) demand is finally met (meaning most of the world has a living standard similar to ours and that of Europe).
    May 09 09:01 am |Rating: 0 0 |Link to Comment |View article
  • U.S. Dollar Signaling a Changing Tide?
    Mr. Fitzsimmons said it better than I could...his ONLY mistake might have been in saying "the Fed is INTENTIONALLY supporting inflation...". I would have preferred he had said the Fed's policies RISK supporting inflation in the making its priority that of fighting financial turbulance. (A small point perhaps, but important to many.)
    May 04 12:35 pm |Rating: 0 0 |Link to Comment |View article
  • Awaiting Further Strength in Commodities
    Recession...what recession? As you wrote on May 2nd, you (should) know we are in a slowdown, and not yet in a recession (and may even escape without a recession)...unless of course, you define the word differently than the accepted definition -- in which case, you should have so stated.

    As for commodity prices, I generally agree (I disagree on gold, which seems to react more to 'unknown forces' than logic, thus I hold some gold, but not enough to significantly influence my portfolio unless it goes sky high or falls like a rock). Materials, metals, oil natural gas, and the like, have (perhaps) started a correction. However, given worldwide demand, I expect them to resume their upward trend.

    In fact, if the present rising stock market is a signal of an improving economy just over the horizon, I feel even more comfortable in owning them through a hopefully mild correction.
    May 02 08:16 am |Rating: 0 0 |Link to Comment |View article

richjoy's Comments Stream Stats

  • 126 Comments, 0 , 0
  • Total Comment Stream rating - = 0