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Anyone who follows the stock market today knows we are doomed
08-11-2014, 01:27 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Anyone who follows the stock market today knows we are doomed
Some light humor for your amusement. And yes, I know I'll take some flack for enjoying this guy making light of those who see the pending market crash...
Quote:
Sure, the S&P 500 is up 180% from the March 2009 lows. And, yes, unemployment is the lowest since late 2008.
But those statistics matter only if you’re looking at the facts and worried about being “objective.” I mean, who’s interested in what economists, government agencies and famous investors think, anyway?
What’s much more compelling is when you see the latest headlines on cable news, then extrapolate a narrative based on your own observations of fear, greed and corruption. That’s what we seem to have today.
As a result, I am not interested taking the word of a trendy non-profit at face value. Nor am I interested in what would have happened to a lazy buy-and-hold strategy over the past few decades.
I’m only interested in my own personal findings — and, of course, those who share my point of view — because that’s today’s trend.
And by this all-important measure, it’s clear that the Dow Jones Industrial Average is going to crash in the very near future. The proof? So says me.
That’s all you need to know.
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Here's my obligatory column that says stocks will crash - Jeff Reeves
__________________
Numbers is hard
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08-11-2014, 02:02 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,808
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Could it be he is making fun of a certain MarketWatch columnist? Those silly ones by P.F. I never read for fear of giving the dude clicks?
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08-12-2014, 05:44 PM
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#3
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,302
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When I was a kid I wanted to be older. This is not what I expected.
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08-12-2014, 09:38 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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He makes very good points. I'm gettng out.
__________________
And if I claim to be a wise man, it surely means that I don't know.
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