Marc Courtenay

Can a Stock Market Meltdown Happen from Here?

These are exactly the kind of comments I hoped to engender. The give-and-take and the multiple perspectives is what we all need in order to consider as many sides and be as rational as possible. I would only add that the most successful stock traders and investors have told us that the hardest part of investing in stocks is knowing when to sell. Having a realistic "selling" strategy and discipline is precisely what we all need in order to protect what we've gained and what we have left. Yes, and as a number of you pointed out, no one can accurately predict where the stock market will be one week, one month or one year from now. These off-the-wall predictions, articles and opinions are designed to make us think and challenges the reasoning process we use when it comes to buying and selling. We all have human nature and enough ego to be able to fool ourselves and unwittingly fall victim to our own self-deceit and emotions. Anyway, thank you to each of you who commented and taking the time to share your experience and points-of-view. May we all keep our eyes and ears wide open and help each other to be as realistic and as profitable as possible.


On Apr 20 12:06 AM Freya wrote:

> On the way up, no one mentioned that S&P's earnings were being
> inflated by Energy and Commodity related earnings. Those earnings
> were not excluded.
>
> On the way down, no one excludes the drag by the Financials and Commodity
> related stocks.
>
> Earnings by the Commodity related stocks have bottomed. FASB revisions
> will inflate reported earnings by the Financials. It does not matter
> to the Public whether they are real or not. What matters is the Bottom
> Line: Is My 401K going up?
>

Cramer's Stop Trading! Dow Doomsday Scenario (3/6/09)

It's interesting to see how much publicity Cramer still evokes. His track record is questionable, but he is very well "connected", especially to the Goldman Sachs crowd. I'm still hoping for a Spring Bear Market Rally and then I'll be heading for the sidelines expecting that "the worst is yet to come". I hope I'm wrong and Cramer is too.