"on the audio it's breaking up a lot and missed some important points
he talks about bonds, but I may have my wife after this next rebound to get all out of the market and stay in cash"
I have no problem with the audio but many do.
I use Mozilla Firefox browser.
You might try to download it first, or select another audio player if possible.
Terry says that right
now IS NOT THE TIME to buy high quality bonds as he expects the price to drop into the late August time frame.
(Note that 85 year old Paul Volcker, who leads an outside economic advisory group that formulated the new plan to
impose stricter curbs on big banks, was at the president's side last week. As Wall Street friendly Tim Geithner was left alone on the sidelines.)
LINK
His theory is that later the FED will be forced to
drop interest rates as they see this thing worsening (remember Japan's negative rates?), thus government bonds bought at lower price/higher interest would be a good buy
later this year.
He also likes gold bullion later, not as an inflation hedge but as a hiding place for value.
He mentions that some are thinking that a short of China would be a good investment.
He also mentions that he uses his T Theory to guide investing, not short term trading.
He uses shorter term stuff to help ascertain when to impliment the longer term stuff.
In the last 3rd of his 2nd audio, he discusses the "monoculture" of traders all looking at the same charts and indicators trading against themselves while GS trades against them while China trades against us all and opines that his "Best Bond Strategy" is his solution to those problems.
As our good friend James Quillian observed a few years ago:
"Technicians are no longer studying the behavior of an unaware majority. Technicians are unwittingly watching themselves. Because behavior and thought have become so standardized..."
Edited by Rogerdodger, 24 January 2010 - 01:58 PM.
