First they’re going to shoot your ass in the foot (if that’s possible) and then they’re going to blast off. I like what Yves says. There’s a ton of money in bonds and when people lose confidence in bonds, where are they going to turn? They’ll turn to stocks, simply because people will have more faith in companies than governments. Stocks will soar.
I’m holding on to two positions, my massive position in Agnico-Eagle Mines (NYSE: AEM) and my few thousand shares of Commerzbank AG (CBK.DE). AEM, and yeah, I still hate the company, but let me tell you, my AEM buy saved my ass. Commerzbank, well, if there’s another pullback and it falls to around 120 euro cents, I’ll double my position on that penny stock.
I’d like to hear more about demographics from Yves. And Scott needs a haircut though I’ll give him a few extra points for the tie.