Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Why are people running scared recently from the market?
Old 03-15-2007, 06:31 PM   #21
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,535
Re: Why are people running scared recently from the market?

The market is driven by only two fundamentals, fear and greed. Right now irrational fear is ruling the day.
__________________

__________________
A totally unblemished life is only for saints.
frayne is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Why are people running scared recently from the market?
Old 03-15-2007, 07:32 PM   #22
Full time employment: Posting here.
Alex's Avatar
 
Join Date: May 2006
Posts: 696
Re: Why are people running scared recently from the market?

In my humble opinion, the reason 'people' (whomever they are!) are running scared from the market recently is due to 'financial pornography'. Like regular porn, it is sometimes tittilating, often offensive, but rarely enlightening. If you listen to CNBC, PMSNBC, or any other 'financial news' programs, you are just asking for trouble. These people are nothing more than paid whores to the financial 'croupiers' that feed on the trade! trade! trade! mentality. This 'trade' advice (sic) is usually based upon non-rational emotions and/or short term market timing schemes. My advice is to ignore the normal market gyrations, shut out the financial porn, and keep focused on your long term investment plan. Do this and you will beat 90% of investors over the long run.
__________________

__________________
Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.--Drew Carey
Alex is offline   Reply With Quote
Re: Why are people running scared recently from the market?
Old 03-15-2007, 08:28 PM   #23
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Posts: 1,487
Re: Why are people running scared recently from the market?

absolutely agree. the sudden drop today (about 1:30) was attributed to Greenspan supposedly saying the sub-prime problem would spill-over into other areas ... etc. in fact what he said was that that was unlikely. "Greenspan warns subprime woes could spread" is Reuters headline; but he actually said "... we're not seeing this ... The spillover is just not there."

Unfortunately, what he actually said doesn't sell many newpapers.
__________________
d is offline   Reply With Quote
Re: Why are people running scared recently from the market?
Old 03-16-2007, 05:38 AM   #24
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,535
Re: Why are people running scared recently from the market?

Quote:
Originally Posted by Alex
In my humble opinion, the reason 'people' (whomever they are!) are running scared from the market recently is due to 'financial pornography'. Like regular porn, it is sometimes tittilating, often offensive, but rarely enlightening. If you listen to CNBC, PMSNBC, or any other 'financial news' programs, you are just asking for trouble. These people are nothing more than paid whores to the financial 'croupiers' that feed on the trade! trade! trade! mentality. This 'trade' advice (sic) is usually based upon non-rational emotions and/or short term market timing schemes. My advice is to ignore the normal market gyrations, shut out the financial porn, and keep focused on your long term investment plan. Do this and you will beat 90% of investors over the long run.
Alex steps into a, high inside fast ball, full count pitch, he tags it and it's outta here for a three run homer. 8)
__________________
A totally unblemished life is only for saints.
frayne is offline   Reply With Quote
Re: Why are people running scared recently from the market?
Old 03-16-2007, 07:40 AM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Why are people running scared recently from the market?

Quote:
Originally Posted by Gumby
Any thoughts on NAT? Seems cheap right now, although more exposed to the vagaries of day rates than EGLE.
I am less enthused with the tanker and containership companies because they have already had a huge run (especially tankers) and the oredrbook for new ships is gigantic relative to the existing fleet. But neither is especially expensive, all things considered.
__________________

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Another Bear Market Looming? Rosalita FIRE and Money 74 07-14-2006 10:45 AM
Future of stock market jimhcom FIRE and Money 45 07-13-2005 04:19 PM
Informal Survey of How People ER NYC Guy FIRE and Money 0 06-20-2005 05:18 PM
Market and public debt Marshac Other topics 6 08-30-2004 07:05 AM

 

 
All times are GMT -6. The time now is 06:03 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.