Posted on 04/29/2005 6:59:31 AM PDT by tmp02
SNIP
If you own stocks or mutual funds today make no mistake, you aren’t investing, you are speculating. That goes for ALL stocks from Tootsie Roll to Krispy Kreme, from Vioxx to Viagra, from high flyers to dividend paying stalwarts. In today’s market at these valuations, you are speculating and subject to significant risks. Time won’t help you either, that is, unless you have 50 years to break even. Now is not the time to wax poetic about how wonderful your company’s management teams are. By and large at these prices and valuations no managements can be trusted. They put on their pants one leg at a time (sometimes in a rush). I don’t care how long they paid dividends – In 2001, Enron had paid dividends for 65 straight years. The S&P 500 pays a measly 1.9% – not a good investment in my book. If you own stocks today, make no mistake, you aren’t investing; you are depending on the greater fool behind you. From Jeff Skilling to Immelt, sell ‘em all.
Another quarter passes and with it still the preponderance of one time and special events and things that didn’t go just right. They all shove these aside while the ex-item numbers are reported with a CNBC smile eaten up by your fellow speculators. Whisper numbers are back along with untimely and baseless analyst upgrades. Today, Jim Cramer is a folk hero. His studio should be redder with fire and smoke. Today’s stock market in whatever form is not investing, it is speculating. Sell ‘em all.
You can’t trust the best companies. AAA bond ratings are dropping like flies while attracting them at the same time. The remaining AAA Companies are practically all financials. Financial companies amount to roughly 40% of all S&P profits – an inharmonious picture of a sick and debt-based distorted economy. Sell ‘em all.
There are over 8,000 hedge funds in our fed-induced bubble economy, all looking to squeeze a buck from a weak and uneducated public (and of course, each other) while not producing anything. These folks had a great time profiting from the pre-election bid-up. It was based entirely on herd mentality coupled with a misguided rumor that Bush is good for stocks. Yet so far, practically all the stock market has to show for the election is bullish charts for certain defense companies benefiting from the war in Iraq. Whether this is a righteous war or not is not the point. But as an investor, you might want to ask yourself if you want a piece of that action. I don’t. Sell ‘em all.
Without a good excuse to bid stocks up there are over 8,000 hedge funds managers waiting for movement to take money from John Q. Public. It doesn’t matter – up or down makes no difference to them. Down will do just as well as movement is what these guys want and need and there has been precious little of it for several months. When they discover that “down” is where the movement is, it won’t matter whether your stock’s management team is the best around. Your “investment” will get creamed, back to its intrinsic value and then some. Now is not the time for a Coca-Cola. Now is the time to sell ‘em all.
There’s hero status for Greenspan and Trump. Sell ‘em all. Stocks down, bonds up, commodities down (oil down), Japan down. The picture over about the last month is one of a deflationary spiral, seemingly only solvable with “helicopter money.” Yet, this is no solution; it’s a cure that is worse than the illness... a conundrum, if you will. If you are in the stock market in any way shape or form, you are not investing, you are speculating. Sell ‘em all.
The indices are weak having traced a head and shoulders reversal pattern. Shorts are working. Longs are failing. Sell ‘em all. Sell ‘em all. Sell ‘em all!!
WE'RE DOOMED!!!
Well, it's a good thing this guy's not a Gloom 'n Doomer, huh?
Finally, after all this uncertainty, its good to hear some positive news for a change...
If everyone is selling who will buy them?
Sounds like it's time to buy, buy, buy!
Why? So this guy can buy 'em low?
Yawn.
That's right... Sell em all, so I can buy them at fire sale prices.
Maybe he's right, maybe he's wrong.
I don't know, but I am inclined to think that one should invest like mad right now. If I'm wrong, I'll just be poor like everyone else (according to this guy!!)
I kept looking for the product he was selling as an alternative, but since there isn't any, maybe he is short?
True, if this guy is to be believed, we're all screwed anyway so we might as well live it up!
interest rates up up and the stock are down
your gonna get mugged if you go downtown
I live back in the woods you see
just the woman and the kids
and the dog and me
I got my ol' shot gun
and my 4-wheel drive
And a country boy can survive
Kind of hard to believe considering that Enron was formed in the '80's.
Johny Cash
"I'm doing allright for Country trash"
Market makers (technicians) will buy the stocks. That is what keeps the markets moving
This sort of reminds me of a story I once read. It seems that as Napoleon was manuevering his troops to attack Wellington at the Battle of Waterloo, the Rothschilds sent someone with a messenger pigeon to observe the battle. The pigeon returned and had a message that Napoleon had been defeated at Waterloo.
The Rothschilds then spread the rumor that Napoleon had been victorious, and the London stock market crashed. They helped keep up the illusion by selling some of their own shares. Then when it hit rock bottom, they began buying. Shortly thereafter, a rider on horseback arrived, and announced that Napoleon had been defeated, whereupon the stock market skyrocketed.
remember. This guy is in the minority...he has no market sway like GE, MCD, etc, etc. The majority is saying that everything is OK, just like before 2000.
I will!
Note to author, it is buy low, sell high, not vice versa.
In other news, we are all going to die (someday)!
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