Tuesday, January 20, 2009

Felix the Bear

No, not Felix the Cat, it is Felix Zulauf quoted from the Barrons roundtable part II.

Seeking Alpha link
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The "Obama hope" will peter out some time in Q1. S&P could easily fall into the 400-600 range over 2010-'11.

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Gold is the only currency that won't get devalued. It will be revalued. Should double in two years. (If the Fed's liabilities had to be covered in gold, it would sell for more than $6,000/ounce.)

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I'm not saying I agree with Mr. Zulauf, but it is an interesting perspective.

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