"Irrational exuberance!"
Keep your words sweet.
Some day you may have to eat them.
Whenever taunting like this starts you know the turn is close at hand.
A good time to go short? That would be my trade here.
DOOOOOOOOOOOOOOOOOMED!
Every smart investor knew the moment the Euroweasels agreed on a bailout the market would soar. Markets love, love, love bailouts. Anyone who listened to the doomsayers and bailed on this market early just missed out on of the best months in decades.
It is rarely smart to listen to the gloom and doomers when it comes to markets. These types tend to always believe the next depression is right around the corner and are almost never right.
Ummm, the dollar dropped by 5% AGAINST THE EURO! the last two weeks.That means even though we are getting a bump from risk flight, the value of your stocks isn’t really going anywhere.
I moved half my money to Canada and Australia, so I just got areal rise in value.
As for you Rutland, what goes up must come down. Anyone who believes this pump and dump is permanent is cwazy.
PRIDE goeth before a FALL.
LLS
Yay for you!!!
You actually have probably as much “value” as you did to start October!!!
Because the dollar has dropped from 79.60 index on October 3,2011 to 74.99 today.
So while your heart skips a beat with glee at your ‘gains’, you really gained nothing excepting noting that it’s just like Zimbabwe. A dozen eggs might cost $1,000,000, it doesn’t make it worth that amount.
My history has been to sell low and buy high because I would panic and I'm really trying to get away from that.
Actually, many market “doomsayers” have been saying that they expect the market to rise in the short term, prior to collapse. I have heard everything from DOW 12k to DOW 15k — from so-called doomsayers. In fact, many seem to believe that the economy will continue to limp forward for a few more years.
A short term rise in the stock market does not negate the very real structural problems that exist. By all means, keep riding this updraft. But don’t be surprised if it doesn’t end well.
Actually, I have three investment instruments: My wife’s 401k, all in the market. My 401k, all in bonds, and physical precious metals. As in “physical” I mean, I can get to them in about five minutes.
The stocks have actually done not bad. The bonds over time have done not bad. The PMs are awesome! I’m seriously thinking of pulling all out of the market now, however. It is up because of that ridiculous agreement in the eurozone which will either never really come together or will unravel once it does.
The market survives on faith, not reality. It has become, in the last decade, pure Casino.
I always wondered why so many here on FR find happiness in a bad market, bad news or bad economy. You would think they’d be thrilled that the market is doing so well. Don’t any of these people have investments, a 401k or IRA? Why do they seem to get satisfaction out of negativity?
Yes. The short-selling gangs have also propagandized for over four years that Chinese manufacturing collapsed, about nonexistent safety in the dollar, etc. There’s no safety in our dollar, when our debt-to-GDP is over 100% and further trade deficits. Most of the western economy is going to crash except for those few with net energy exports, but it will be awhile. See the tsunami of more qe and debt coming our way with inflation.
Use the time bought for us by preparing yourselves.
smartest people in the world are longs until the market downticks 10 points
then the crying begins
“All glory is fleeting...”
I’ve had a number of fee-based advisers who collectively have earned me a return of -24% in equities.
A month doesn’t make up for the fact that the market is flat relative to about 13 years ago.
All the charts tell me is that when you get to about 1,400, sell, ‘cause the plunge cometh soon thereafter.
Sure does pay to have a financial adviser
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As a former stockbroker , and the only one in an office of about 30 that gave a damn about his clients well being , I can honestly tell you that todays move will be fleeting , we are seeing inflation or HUGE easing/printing inflating earnings ... Stocks , especially those with European exposure or a good dividend will continue to do well in dollar terms... Housing stinks , employment stinks and wholesale uptrends appear to be just restocking with no buyers.
I have investment ideas that plain work but they don’t involve being long in an irrational market. Not when I can buy real assetts so cheap.
You have to use an advisor?
“let’s here it”?
Hey, how about that big sell off that never happened today? The doom and gloomers never fail to entertain.
Panic! Panic! Sell! We’re all doomed! HAHAHAHAHA...Silly people.