Radio Free Wall Street 10/5/2008

Lee Adler and Russ Winter discuss where the bottom might be. Not a subscriber? Click here for a free extended preview of this podcast.

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3 comments for “Radio Free Wall Street 10/5/2008

  1. stevieo
    October 5, 2008 at 6:41 pm

    Crash or long term bear bottom?

    Right now, everyone’s watching the immediate financial trouble, that looks like a violent crash scenario. Secular bear markets end in a whimper so soft noone notices them. That can’t happen until long after j6p stops paying attention.

    Maybe you’re both right on this in different time frames.

  2. Raymond
    October 8, 2008 at 2:22 pm

    Lee and Russ, thanks for another great pop cast. It’s unbelievable that your calls were right-on the very next day you made it! I particularly thank Russ for the RAIL example for which it so adequately explains why good stocks like it go down in markets such as the one we are in. Please keep up the good work.

  3. DefBear
    October 11, 2008 at 2:43 pm

    That was a great discussion on all three sides.

    Russ & Lee are both right.

    Leveraged liquidation works, but only at very low prices
    because the cash on the sidelines can afford to liquidate all the leveraged players at some low price.
    5 trillion can be cleared at 500 billion, if the price is low.

    Gold: Might as well own silver palladium, platinum
    if you want out of banks.
    Gold what for at this high price ? Production costs are dropping as oil drops.

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