Why are people running scared recently from the market?

[frayne]

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

[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.

[d]

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.

[frayne]

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)

[brewer12345]

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.