[Rhodes22-list] Wally said, "... [Political][Wally may be right, but]

[Brad Haslett]

Wally,

Yeah, I'm along for the ride, no reason to lock in losses now. I don't
mind losing my own money, but, I'm the unpaid adviser for a half-dozen
immigrants who rely on my advice and trying to explain to them what
happened, why it happened, and why they shouldn't worry in the long
run has been a tough sell.

On the bright side, commodity prices are falling rapidly, including
crude oil.  I hauled an old high-production highway concrete breaker
from Illinois to the Gulf Coast that needed extensive repairs.  Scrap
iron prices got so high we cut it up in pieces and sold it rather than
restore it to service.

Brad



On Mon, Oct 20, 2008 at 7:30 AM, TN Rhodey <tnrhodey at gmail.com> wrote:
> Please look into your crystal ball and tell me what to do next with my
> investments using your "perfect" information.
>
> Brad, I wish I knew. Being employed in mortgage banking while this happened
> gave me a front row seat. The investment side of the industry did not see
> this coming. Those close to the street knew it was just a matter of time. I
> never claimed to be a financial guru and have the holdings to prove it! :-)
>
> I only knew to pull it out of the market and buy a boat load of staggered
> CDs all over 5%. I have a few months before the first one needs to roll. I
> have no idea what to do.
> Fair Winds,
>
> Wally
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