Collapsing Market---What to invest in?

[Rastus]

Last podcast said it all.....go long on ammo.

Worst thing that can happen is that you use it.

[2HOW]

Absolutely, ammo,guns and gold. sad days 

[Pathfinder]

Sad fact is, invest in what you want, it won't matter. We are watching our capitalist system be converted to socialism right before our very eyes. And we can tell our grandchildren - who may not even care - that we were powerless to stop it.

[alfsauve]

Yes, invest in ammo, food stores and if you have a lot of cash buy land.

I wonder if Monday's vote (10/6) and the upcoming election (11/4) will go down in history as "The Votes Heard Round the World" when historians look back at what caused USA's deminse?

[tombogan03884]

What a bunch of pessimists. Buy big name dependable tech stocks, Bio med, pharmaceuticals, food products and real estate. in the long term that's where the money is.

[Sponsor]

[Ocin]

My money is in put options expiring in december. I don't think we have seen the worst of it yet.

[jaybet]

What money?

[pops1911]

Guns, ammo, more guns, more ammo.....

[Ocin]

What money?

I purchased 85 contracts PUT AEX 180, expiring DEC 2008 for a lump sum of EUR 1,650.

Sold off 15 of those contracts just yesterday for an amount of EUR 5,500

As I said, I expect the stock market to go down even further, but even if it goes sour (and in my case, sour means going up again), I still have made almost 200% profit. 

[Rastus]

Many stocks are terribly undervalued...if you have cash to put in them.  I hope oil and gas stocks will rise most quickly and that is not advice...as MB said on his podcast that sort of thing is refined bovine scatology.  I might be in denial...but I don't think oil and gas will drop very much more for right now...the price is still high and profits are good.  Just as a sidebar, the oil and gas company I work for cut their budget by 35% for 2009 so our wells drilled will drop from 200-250 to 75-115 or so.  For the last month I've been working on ways to demonstrate employee value to the execs so I don't have to lay off any employees.

What we saw in oil and gas prices was a heck of a lot of speculation (hope the traders got their butts burned) and currency disparity ($1.56 to a Euro...oil trades in $'s...Middle East uses Euros so when $1 bought a 1 Euro they got 1 Euro's worth of goods from Europe...when $1 bought 0.64 Euro's they raised the price to stay whole).  Oil has always traded in $'s on the worldwide market except to Iraq before the war, then Iran some time ago...now I think Chavez and a few others are wanting Euros.  Yeah...Chavez is eating you know what with the drop of Euro value compared to the $.

The price may plummet...but short of an international depression or a recession of epic proportions...maybe not.