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Fred Voetsch » Comments » COH

  • Cramer's Mad Money - Paul Krugman Is Wrong (8/10/09) [View article]
    "While investors equate being bearish with playing it safe, it may well mean missing a 45% gain since March."

    How flawed is such a statement and the thinking behind it? Very!

    First of all most of the people who were bearish also missed losing 55% of their portfolio up until March (still being ahead by 35%) and most that I know, including me, caugh this rally early and only got out after a 20% or more runup.

    The worst part of this thinking, of course, is that it's based on fear, the classic tool of a bear market. Folks, you'd better get in on this rally before it's too late...HURRY! HURRY! HURRY! Fear-based investing is always a bad idea. The only worse idea I can imagine is listening to Cramer the clown.
    Aug 12 11:23 am |Rating: +4 -1 |Link to Comment
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