Where Investor Money Is Going: 'Under the Mattress'

I found this article to be quite interesting. In the same vein as "American capital on strike"- most Americans are packin their bucks into a bank account - instead of investing it in an Obama economy....

Investors have been running from stocks and even bonds as fast as their feet can take them, putting their cash instead in accounts that earn practically nothing but provide shelter from turbulent times."

"From January to November, $889 billion poured into savings and checking, while stock and bond funds drew just $109 billion. More money went into bank accounts even at times when the market rallied.

http://finance.yahoo.com/news/where-investor-money-going-under-191550285.html

"The real money these days is going straight under the mattress," said TrimTabs CEO Charles Biderman. "The Fed is doing almost everything in its power to entice investors to speculate in overpriced asset markets. Yet investors - particularly on the retail side - are mostly refusing to take the bait."

I know that my investments are limited at this time, I am mostly in cash. I'll continue with my own opinion that "the world looks best from the sidelines"- at least until after the election in November!

Been doing good in pennies. Then taking the cash.

Those pre-1983 melted pennies are worth 2.4 x face value if they are copper. I'll bet silver dimes are pretty good too.

http://www.coinflation.com/coins/1909-1 ... Value.html

"$0.0244703 is the melt value for the 1909-1982 copper cent on January 17, 2012."

Dimes are much better $2.17 1946-1964

http://www.coinflation.com/coins/1946-1 ... Value.html

The nickel's melt value is 20% above it's face value and costs 80% above its face value to mint (roughly $0.09 per unit).

Full disclosure notice - the federal government made it a federal offense to melt pennies and nickels down for their metal content in 2007.

:faint: I'm talking penny stocks.

I dunno Martin. I doubt those melted penny stock certificates are worth much, they are paper right?

Our investments are very limited and mostly in cash as well. When the nosedive in 2003 happened we mostly got out of the market - not that we had a bunch to begin with - paid off debt and started saving as much as possible. I'm so glad we did what we did!

I prefer those lead and brass investments myself...

BearMtnHIB wrote: I I am mostly in cash. I'll continue with my own opinion that "the world looks best from the sidelines"- at least until after the election in November!

"LET US accept things as they are, and PROFIT off the folly of the world."

While the presidents energy policy is moronic, I have profited from it. My port is way off its highs it is also way off its lows.
(Strong stomach required).

STRONG STOMACH. No position here, I play the minors but this is making some investors very sick.



Chevron’s burning rig begins to collapse
http://afr.com/p/world/chevron_oil_rig_ ... AR7cRYxSPJ

Martin Ent Inc wrote: :faint: I'm talking penny stocks.

Speaking of penny stocks DFNS is up 38.46% as I type. Too bad that my position is still 65% underwater from 2007.