{"id":2524,"date":"2010-06-08T09:06:30","date_gmt":"2010-06-08T13:06:30","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=2524"},"modified":"2010-06-08T09:16:06","modified_gmt":"2010-06-08T13:16:06","slug":"the-flight-to-gold-continues-most-other-investment-alternatives-suck","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=2524","title":{"rendered":"The flight to gold continues. Most other investment alternatives suck."},"content":{"rendered":"<p style=\"text-align: left;\">Yesterday&#8217;s &#8220;action.&#8221; note the flight to gold and silver:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/MondayJune7.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2522\" title=\"MondayJune7\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/MondayJune7.jpg\" alt=\"\" width=\"612\" height=\"631\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/MondayJune7.jpg 612w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/MondayJune7-290x300.jpg 290w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Lots of cockroach stocks. When you see cockroach problems, you sell and sell. Google&#8217;s China problems started this:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/GoogleCockroach.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2525\" title=\"GoogleCockroach\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/GoogleCockroach.jpg\" alt=\"\" width=\"579\" height=\"279\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/GoogleCockroach.jpg 579w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/GoogleCockroach-300x144.jpg 300w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">BP now yields 9.14%, assuming they survive and continue to pay their dividend.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/BPCockroach.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2526\" title=\"BPCockroach\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/BPCockroach.jpg\" alt=\"\" width=\"579\" height=\"279\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/BPCockroach.jpg 579w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/BPCockroach-300x144.jpg 300w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">And now for my favorite cockroach stock:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/GoldmanCockroachAgain.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2527\" title=\"GoldmanCockroachAgain\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/GoldmanCockroachAgain.jpg\" alt=\"\" width=\"579\" height=\"279\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/GoldmanCockroachAgain.jpg 579w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/GoldmanCockroachAgain-300x144.jpg 300w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Sell in May and stay way. That&#8217;s the mantra. This year lots of adherents. These two charts are from Business Insider, which comment:<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Latest fund flow data from the Investment Company Institute shows just how panicked investors became in May. As shown below in red, we&#8217;ve seen enormous outflows from U.S. equities, with $13.4 billion fleeing in the week of May 26th alone. Bond fund flows, shown in gray, have continued to see net new money.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/MassiveOutflowsMay.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2529\" title=\"MassiveOutflowsMay\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/MassiveOutflowsMay.png\" alt=\"\" width=\"590\" height=\"386\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/MassiveOutflowsMay.png 590w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/MassiveOutflowsMay-300x196.png 300w\" sizes=\"auto, (max-width: 590px) 100vw, 590px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">On this chart, they comment:<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">From a fund flow perspective,  investors in mutual funds have now pulled money out of U.S. stocks  during 2008, 2009, and now year-to-date in 2010. To us this should be  read as a substantial contrarian indicator. The investor panic was  enormous during the last four weeks, and on a multi-year view, investors  have simply been pulling more and more money out of stocks:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/Bondsinflow.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2531\" title=\"Bondsinflow\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/Bondsinflow.png\" alt=\"\" width=\"619\" height=\"447\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/Bondsinflow.png 619w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/Bondsinflow-300x216.png 300w\" sizes=\"auto, (max-width: 619px) 100vw, 619px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">For more,\u00a0 click <a href=\"http:\/\/www.businessinsider.com\/fund-flows-06-2010#ixzz0qGUvVTMP\" target=\"_blank\"><span style=\"color: #0000ff;\"><strong>here.<\/strong><\/span><\/a><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Progress of sorts:<\/strong><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">1. I hate being\u00a0 a landlord, though I do like the checks. I organized to: fixed a water leak in the bathroom, to solve the lead paint certificatton problem, to scrap and paint the walls and ceiling, to change the air conditioning filters, to fix the garage door motor. Gives excitement a whole new meaning.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">2. I finally got delivery of Lenovo&#8217;s new ThinkPad X201 with the hard-to-get, but speedy i7 chip. It came with Windows 7 64 bit edition. So far, so good. It&#8217;s a total pain to test and reinstall all my favorite software. some of it, which worked with Windows XP, has refused to work with Windows 7. Real stupid.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/ThinkpadX201.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2533\" title=\"ThinkpadX201\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/ThinkpadX201.jpg\" alt=\"\" width=\"504\" height=\"385\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/ThinkpadX201.jpg 504w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/ThinkpadX201-300x229.jpg 300w\" sizes=\"auto, (max-width: 504px) 100vw, 504px\" \/><\/a><br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">I do like the X201&#8217;s speed, form factor (it&#8217;s small and light) and keyboard (full size and fantastic to type on). Note this X201 has added a touchpad, which is surprisingly useful.<\/p>\n<p style=\"text-align: left;\">3. My researches into covered calls are turning up a surprising breadth of investor emotions. One reader claimed I was a &#8220;moron&#8221; to consider them. Others said I&#8217;d lose my shirt in a declining market, like the one we have. Suffice, I&#8217;m still researching.<\/p>\n<p style=\"text-align: left;\">4. My NOW account used to pay 0.6%. Now it pays 0.4%. I opened yet another CD with yet another distant, but FDIC-insured bank.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Old, but good.<\/strong><\/span> You can include your own ethnicity.<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">A little old Jewish man is walking down the street  one afternoon, when he sees a woman with perfect  breasts.<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">.<a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/PerfectBreasts.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2523\" title=\"PerfectBreasts\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/PerfectBreasts.gif\" alt=\"\" width=\"216\" height=\"288\" \/><\/a><br \/>\nHe says to her, &#8220;Hey miss, would  you let me BITE your breasts for $100?&#8221;<\/p>\n<p style=\"padding-left: 30px;\">&#8220;Are  you nuts?!&#8221; she replies, and keeps walking away.<\/p>\n<p style=\"padding-left: 30px;\">He turns around, runs around the block and  gets to the corner before she does. &#8220;Would you  let me bite your breasts for $1,000 dollars?&#8221; he  asks again.<\/p>\n<p style=\"padding-left: 30px;\">&#8220;Listen you; I&#8217;m not that kind  of woman! Got it?&#8221;<\/p>\n<p style=\"padding-left: 30px;\">So the little old Jewish  man runs around the next block and faces her  again, &#8220;Would you let me bite your breasts &#8211;  just once &#8211; for $10,000 dollars?!&#8221;<\/p>\n<p style=\"padding-left: 30px;\">She thinks  about it for a while and says, &#8220;Hmmmmm, $10,000  dollars&#8230;; Ok, just once, but not here. Let&#8217;s  go to that dark alley over there.&#8221;<\/p>\n<p style=\"padding-left: 30px;\">So they go  into the alley, where she takes off her blouse  to reveal the most perfect breasts in the world.   As soon as he sees them, he grabs them and  starts caressing them, fondling them slowly,  kissing them, licking them, burying his face in  them &#8211; but not biting them.<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">The woman  finally gets annoyed and asks, &#8216;Well? Are you  gonna bite them or not?&#8217;<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">&#8220;Nah,&#8221; says the  little old Jewish man &#8230; &#8220;Costs too  much!&#8221;<\/p>\n<div style=\"text-align: left;\"><strong><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2009\/12\/HarryNewton.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9\" title=\"HarryNewton\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2009\/12\/HarryNewton.gif\" alt=\"\" width=\"95\" height=\"162\" \/><\/a><\/strong><\/div>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><span style=\"color: #000000;\">Harry Newton,who wonders if interest rates will ever rise. Our wonderful government is providing its retirees with great incentive to despair. Look at TBT. It&#8217;s still dropping.<\/span><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><span style=\"color: #000000;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/TBTStillFalling.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2537\" title=\"TBTStillFalling\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/TBTStillFalling.jpg\" alt=\"\" width=\"579\" height=\"279\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/TBTStillFalling.jpg 579w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2010\/06\/TBTStillFalling-300x144.jpg 300w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\" \/><\/a><br \/>\n<\/span><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><span style=\"color: #000000;\"><br \/>\n<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday&#8217;s &#8220;action.&#8221; note the flight to gold and silver: Lots of cockroach stocks. When you see cockroach problems, you sell and sell. Google&#8217;s China problems started this: BP now yields 9.14%, assuming they survive and continue to pay their dividend. And now for my favorite cockroach stock: Sell in May and stay way. That&#8217;s the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2524","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/2524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2524"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/2524\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}