Simple.
I'm going to short CarMax and Auto Nation before they report earnings on October 19th/20th.
Next comes overpriced commercial real estate investment trusts, like VNO. More can be found
HERE.
Plenty of other stocks out there to sell short. My favorites since last year have been DECK, FSLR and BIDU just to name a few.
My all time favorite global recession proof investment has been to BUY JAPANESE YEN. I've been shouting this since July of 2007 when it was priced at 120 to the dollar. That country is a ****ing fortress. Their domestic economy is largely insulated, due to a household savings pile of $14 trillion vs a deficit of only $8 trillion. Sure... Their export industry will suffer and the stock market along with it. But their local economy will remain on track. The populace isn't reliant upon loans like us. As a result, their currency will strengthen as we are forced to inflate the Dollar back at home.
Selling the Pound in exchange for Yen is another option. It's all about household debt/income ratios! The US/UK each have record levels of DEBT. Japan has excess SAVINGS. That's why they have been crediting the world since the 90's. But this ended in July 2007 when the PRC began buying up Yen, in concert with Iran and Russia. This killed the carry trade. We no longer have and endless supply of easy credit at near 0% interest rates from the Bank of Japan. Their interbank lending rate to NYC has jumped to 3%. The PRC completely banned interbank lending to the US a week ago. Does anybody get this? The flood of easy money from Japan is more to blame for the massive bubbles seen the world over than Greenspan. Now that is finished with. We have no choice but to lower interest rates and print money wildy at home to compensate. End result = DOLLAR GOES DOWN.
"USD/JPY will crack below 100 within a year" - August 2007
"GBP/JPY will crack below 200 within a year" - January 2008
I was absolutely correct. Since then, I've been given more information which leads me to believe that Yen will continue to appreciate for at least another year. Unfortunately, I spent all my money on Melanie before being clued into the situation at hand. Then I had a complete break down and checked out on life. To date I still have not been able to take advantage of this bear market while everyone else is caught off guard. WM and LEH went bankrupt? Yeah. I knew that was going to happen over 12 months ago! Wish I could have shorted them!!!
It aint over yet though! Now I'm on a mission to create a hedge fund, raise capital, and improve the lives around me. Failure is not an option.
DISCLAIMER: This is not a recommendation or investment advice. I am simply providing information for your interpretation. Please do not act on anything I say. Unless you're an experienced investor, you will likely lose money if you're not familiar with how to properly leverage or time your trades. Concentrate on your day job!!!