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We're mired in a "meat grinder" market that may last another six to eight years, David Rosenberg...

We're mired in a "meat grinder" market that may last another six to eight years, David Rosenberg tells CNBC. "The worst stock market since 1937 followed by the best stock market since 1932 followed by the worst May for the Dow since 1940 - there's a word for this type of market. It's called a meat grinder. No return for a decade and yet plenty of sleepless nights on this roller-coaster ride."
Comments (3)
  • Econdoc
    , contributor
    Comments (2944) | Send Message
    I got a solution for you.Turn off the TV. Don't worry about it. Why sweat every move. Why? What is the point?


    If you need to watch every day and it worries you - then you should not own equities.


    If a 50 point drop in the S&P is going to turn you into a quivering mess - then you should not own equities.


    If you need the money in the next 3 years - then you should not own equities.


    Everyone else - don't worry.
    3 Jun 2010, 09:20 PM Reply Like
  • Danny Furman
    , contributor
    Comments (1022) | Send Message
    If collecting stocks like baseball cards and sitting on your excited thumbs is the name of the game, then why do you constantly post rhetorical pre chewed lemming feed on here like pumping earnings estimates gets you bonus tickets in the lunch with Warren Wonka at the profit factory raffle this year? You could be saving lives, right?
    5 Jun 2010, 04:59 PM Reply Like
  • ph@ntasm
    , contributor
    Comments (67) | Send Message
    I sleep like a baby lol.


    To quote Patton: "We aren't holding on to anything; we let the enemy do that."


    Buy stocks with a Limit Order on a dip, then set a Trailing Stop at 1% or 2%. If it goes down, the stock is sold automatically and I lost 1 or 2%. No big deal. If it goes up, the Stop Order follows the price and I can make a lot of money (say 3-10%) before the next inflection point.


    Just watch the news and read all the blogs and you can predict what stocks are going to dip the next day so you know what Limit Orders to set up in advance.
    23 Jul 2010, 08:42 PM Reply Like
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