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Some good perspective on the stock market
Old 10-16-2008, 10:25 AM   #1
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Some good perspective on the stock market

"Word to the wise - don't accept advice or analysis about this crisis from anyone who failed to anticipate it in the first place. The people warning about Depression now (or even talking about it casually on the financial channels) are the same reckless jackasses who told investors that stocks were cheap and “resilient” at the highs."
Hussman Funds - Weekly Market Comment: Four Magic Words - "We Are Providing Capital" - October 13, 2008

Read more - it is worth your time
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Old 10-16-2008, 10:30 AM   #2
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don't accept advice or analysis about this crisis from anyone who failed to anticipate it in the first place.
It seems to me that the % of people who failed to anticipate this event gets smaller every day
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Old 10-16-2008, 10:45 AM   #3
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It seems to me that the % of people who failed to anticipate this event gets smaller every day
In hindsight, every stock maven on Wall Street called the 1987 crash...
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Old 10-16-2008, 11:14 AM   #4
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"Word to the wise - don't accept advice or analysis about this crisis from anyone who failed to anticipate it in the first place.
+1. It is amazing how obvious this crisis was in retrospect to all of these talking heads. I can only remember a very few who were cautioning that something like this was imminent -- I think Krugman was among them.
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Old 10-16-2008, 01:12 PM   #5
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The other side of the coin is though, it isn't a good idea to listen to someone who is always has been pessimistic about the market, regardless of the climate. These are the ones who were cautioning a drop before it occured and now are indicating it is probably a good time to buy. E.g. someone with the name "Dr. Doom" might be a hint.

It is someone who can walk through the twin headwinds of greed AND fear that is really worth listening too. These very few are the ones who one should be really looking out for.
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