posted on
Jan 25, 2012 07:05PM
This Greece/european business caused many of us very real harm in 2011. However, we should never forget that it was the market's reaction to these problems that hurt us. It was pure psychology--panic at various levels that caused the harm. One thing about panic is that it gets old and boring after a couple of replays.
If you honestly think that these problems affect the world economy in any significant way other than panic, you need to explain how Europe and Asia overcame the nearly complete destruction of their economies within a few years after WWII, while North America didn't miss a beat. Regardless, the possibility of another panic induced market drop is real this year, just a bit less likely because it is harder to scare people the second time with the same mask.
CUU's resource is real, massive and is probably bigger and higher grade than we realize. All of us should be smart enough to carry some hedges in our portfolio and to realize that CUU will pobably pay off within a few weeks to a few months but, if delayed it will almost certainly pay off even more as the resource is further defined.
To me, this is a rare opportunity for us retailers to be able to invest in such a high probability multi bagger with such a short time frame.
Rip