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07-12-2008, 08:28 AM
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#81
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Moderator
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,475
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 Quote:
Originally Posted by Midpack
In every market, there will be very convincing articles/broadcasts advocating selling and others just as convincing it's a good time to buy. And most of them are driven first by getting your attention, the content is secondary even if sincere. I'm staying the course, same as I have done since I began investing in late 1987, and my net worth is twice what I ever thought it would be even with the recent decline. YMMV...
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Sure. Some of their "calls" cater to deep value investors, while others cater to fear. It depends on which audience you are trying to reach. Some folks salivate at the thought of backing up the truck at fire sale prices, while others can't get rid of everything soon enough.
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07-12-2008, 09:31 AM
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#82
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Recycles dryer sheets
Join Date: May 2005
Location: Newport Beach
Posts: 122
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Quote:
Originally Posted by 2B
I hate to bring up one of my "can't miss" indicators but one of the radio financial guys said Friday that he sees a major market turnaround. There are several I hear at various times and in the last month they all became hyper-bears (since the market was already dropping). They are always wrong in predicting what will happen and merrily switch sides when the market turns. They then spend lots of air time telling how they were ahead of the curve on this move and made lots of money for their clients. This guy going bullish doesn't bode well for the future although I don't think they other ones have switched back to bullish. Maybe a blind hog can find an acorn once in awhile.
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While this guy is bullish, it seems the majority of financial pundits have turned extremely bearish. I can't remember such a level of pessimism. One of my favorite contrary indicators, a guy named Peter Schiff, predicted that the DOW index and the price of gold will reach equilibrium. 
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07-13-2008, 01:41 PM
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#83
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Full time employment: Posting here.
Join Date: Jul 2008
Posts: 622
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Quote:
Originally Posted by al_bundy
it's only panic when Cramer blogs
"Get out, get out now" like he did in 1998 at the very moment the market turned around
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Does this count?
Cramer: The Way Ahead Is Down - TheStreet.com
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07-13-2008, 02:02 PM
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#84
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,767
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SUP just paid out last week, too...
Quote:
Originally Posted by newporttony
I can't remember such a level of pessimism.
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In which sensory-deprivation tank were you living during 2000-2002? Oct 1987? 1973-4?
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