I've added a new "virtual mentor" to my list, Peter Schiff. After reading his book, Crash Proof, reviewing his website, and watching several of his interviews, I'm convinced that this guy is on the mark. I just ordered his latest book. Here's an update on my four horsemen and their perspectives. The challenging part is that they all have different perspectives.
1) Jim Puplava: the Fed along with the new administration will print even more money in the years to come. This will lead to massive hyperinflation. He likes stocks next year for this reason, but believes that energy and commodities will rule in the future hyperinflated world.
2) Warren Buffet: Always buy value and don't worry about the rest. He's made some great deals lately and he's encouraging everyone to stay in stocks.
3) Robert Prechter: He's dancing in the street due to the fact that his deflationary prediction appears to be coming true. With everything declining, it appears very deflationary. He believes that the Dow is heading to 700.
4) Peter Schiff: He's extremely negative on the future of the U.S. dollar. He believes that the Chinese will send those dollars home soon. He likes high yielding stocks on foreign exchanges in country's with strong currencies. He suggests that these stocks be acquired in the foreign currency. When the dollar tanks, bring those dollars home and buy up everything.