Olivier Garret has just sent a mailer out to his merry flock, that tries to explain just why the Casey Research $20 per person "Market Gonna Crash Act NOW!" call of October 21st isn't going quite the way they imagined.
IKN parses his mail for you below. Olivier's in black, IKN's in red.
- trim your portfolio to only its strongest stocks, the issues with the most emphatic fundamental reasons for owning them;
- hold the resulting cash in US dollars;
- keep your gold;
- but buy "gold insurance," in the form of puts on GLD, to counter potential weakness in precious metals and related stocks; and
- buy long-term Treasuries as a speculation that interest rates would move still lower.
UPDATE: Reader MP sends in this: