frankie cooper

Roubini the Revisionist

when did roubini predict the end of the world?? what he does is give a more SOBER view of what can happen. i would rather hope for the best and prepare for the worst than to trade as if everything were fine and that this market were going to go straight up. according to your s/p predictive numbers, this will never correct.

now THAT scares me.


On May 28 09:28 AM Stock Market Sage wrote:

> Great article calling out Mr. "Banks Have to Nationalized". I was
> just talking to someone last night about how Mr. Roubini was on CNBC
> twice a day a few months ago, pictures of him at swank parties with
> models on his arm, etc. etc...
>
> Now?
>
> Not a peep about the end of the world, now he is all about recovery
> and when it will happen...
>
> Good article.

Roubini the Revisionist

funny, too - this is REALLY what he said:


"Because I said the recession is going to be over by year-end, people say I am an optimist, but I've been saying the same thing for a while," Roubini said.

"I would say compared to current consensus, I am much more bearish," he said. "Compared to other people that say it's going to be a doomsday, I could be considered an optimist."

Roubini stood by a recent article in which he mentioned the possibility of a "perfect storm" in 2010.


but then i guess the point of your article would be moot if you had originally quoted the above, right? LOL

Roubini the Revisionist

i guess time will tell....
things change and i respect anyone who can "revise" his opinion based on new developments.
your article would have had more punch if roubini had made an about-face and started singing happy songs and rainbows started shooting out of his ass, but, alas, this is not what happened. he changed his view of the near term future of the economy. big whoop.


yawn.

next time write about something with a bit more oomph.

The Swine Flu Swoon: What the Markets Didn't Need

wow. kind of smug, aren't we? don't tell me - you didn't vote for obama and you still can't get over the fact that he is president....

well, luckily for him, a Gallup average showed Obama with a 63 percent approval rating for his first three months, the highest rating for a new president since the 1970s.

i guess the rest of america doesn't think that he's doing all that bad a job.


get over it.

LOLOLOLOLOLOLOLOLOLOLOLOL


On Apr 27 06:54 AM Justice Kinky wrote:

> "Good luck investing. I sincerely wish that no one reading this article
> gets the Swine Flu. It can be a killer."
>
> Nice closing sentence. I think there's a bit more to the picture.
> Not only can Swine Flu be a killer, it can also miraculously make
> overnight fortunes, vault (no pun intended) the World Bank and the
> IMF into relevance again and cause a whole turn around in Latin America
> where certain naughty regimes have revolted against IMF meddling
> for years. Coming on the heels of this "global crisis", I'd say that
> Swine Flu stands to be very helpful. And how nice that the predictable
> Mr. Obama calls a medical emergency when he sees one. So astute.
> It's nice to know that he cares so deeply about the health and welfare
> of not only this nation, but of the world. I don't know about you,
> but I sure feel a lot safer, knowing that somebody cares. What with
> all the printing presses running at full speed and the IMF predicting
> horror for the third world, and a timely excuse needed for a market
> correction....well, it may just be time to buy into the markets before
> hastening into that bunker with a stack of comics and a few gourmet
> snacks. Perhaps its time to sit back and leave it to all the busy
> beavers out there, eh? So many loans to make...so many countries
> to enslave...so many people to vaccinate....so little time....

5 Reasons Stocks Will Keep Falling

"And while prices at the gas station and grocery store have never been higher," - actually they have. do you remember when you were paying a DOLLAR MORE for a gallon of gas?? i understand that you had to add that statement to reinforce your picture of doom and gloom, but it looks rather pitiful, on your part, to simply make stuff up....


so - the sky really IS falling. thanks for the info. now - let's make your article useful - tell us how long it will fall. or will it simply go to ZERO and shut down.... (because that's the impression that you give).

Preparing for the Fall

richmond - i have let it go too far, starting a discussion that i could not possibly finish (its sunday and i actually TRADE for a living and i there is much record keeping i have to catch up on....). i will, however, give a reason for my posts - i don't understand your purpose. fine, the market is coming to end. the world is coming to an end. what's your solution? everyone who posts these doom and gloom messages has NO SOLUTION or plan for IF and WHEN their predictions come true. what color is YOUR parachute? are you all in cash? shame on me for even posting. good night. happy trading!!

:)

Preparing for the Fall

bigbuilder is RIGHT. i am digging a hole and pulling it in after me!!



drivel. pure and simple.
i am trying to figure out what is NEW on your list

what is wrong with you people?? i'll bet you're a SCREAM at parties!!!

Preparing for the Fall

i see what's happening, but i never try to predict what is GOING to happen. i am trained to react, not to prognosticate and i practice strict money management (it'll save you every time...). there's always a bull market somewhere, and there is money to be made in any climate. hell, january 08 was one of my best months, yet one of the worst for the market in recent history. and it wasn't because i saw what was going to take place. this is a traders market, and the buy and hold crowd are hard pressed not to vomit through all of this volatility. i've learned MANY lessons in my years trading and ONE of the most important is - DON'T TRY TO PREDICT THE FUTURE. it is the game of amateurs and charlatans. and if some yahoo preaches the end of the world and that the sky is falling, you had better start buying by the handful....

Preparing for the Fall

wow swrichmond - kinda pessimistic, aren't we? although things aren't going swimmingly, i don't understand the purpose of your post. should we all go out and kill ourselves?

Preparing for the Fall

i know. i really need to get a life....

Preparing for the Fall

and one last thing - bill king said:"There is a whole generation of traders whose knowledge of investing and financial history dates back to 1990 at most. Put another way, there are thousands and thousands of guys in their 40s who trade for a living and have never seen a real bear market or recession.”

well i ask you lemmings? are we in a bear market? i'll bet you say YES, and bill king, himself, has said that we are IN a recession. wo WTF is he talking about?? it really annoys me when people lazily make sh-t up, just to bring home a point......

Preparing for the Fall

so i visited the GPS capital research website, and it ALL makes sense now. i get it. the fact is, you are full of it. you have a "research firm" (let's face it - its just YOU), and a newsletter that you peddle to the SAME people you feel are too dumb to be investing (because let's face it, the PROS aren't buying your newsletter, graham). if you TRULY believe the crap that you put in your article, then i can't imagine that your newsletters, for the next "coming months" isn't really going to have much value, since most subscribers would be better off in cash......right? (unless you know of some high paying cd's or money market rates)

Preparing for the Fall

"As Bill King put it in an earlier essay, “There is a whole generation of traders whose knowledge of investing and financial history dates back to 1990 at most. Put another way, there are thousands and thousands of guys in their 40s who trade for a living and have never seen a real bear market or recession.” "


HILARIOUS. full of holes, me thinks....
so bill king is saying that having experience that spans EIGHTEEN YEARS (thats 18, folks) isn't really enough to qualify one to trade profitably. GENIUS. are you kidding me?? how many years would "qualify" someone as legit in his eyes?? traders have the ability to open long and short positions, making them adept and profitable in ANY kind of market.
also - you go on to say in the next paragraph:

"These investors, while more sophisticated than their novice counterparts, are almost equally ignorant of any market development outside of their trading models and investment frameworks."

well which are they, graham? INVESTORS or TRADERS? two different animals completely. you YOURSELF acknowledge that. your comparison is completely moot, and how can you make a blanket statement that most TRADERS (who have been trading PROFITABLY for 10 + years) are ignorant of any market development outside of their trading models and investment frameworks? (once again you are throwing in the old "investment" word....). do you know ANYTHING about trading? if you did, you would know that discretionary traders ALWAYS take into account the market developments outside their trading models.

sloppy and lazy writing, graham. shame on you for even printing this.
you said: "Their job was to provide content in large quantities, not content of high quality."


you certainly got that right.....

Time To Abandon Stocks?

"If you wish to enable the rich to get richer by buying the stock they bought from you in the last decline at a 50% or higher markup then go right ahead and buy it from them Bagholders." -

huh? you are contradicting yourself. the rich always get richer when the sheeple who read the WSJ or BUSINESSWEEK panic and sell - the smart money is there to get the shares at a discount.
its pitiful, really.

i love articles like the ones in the WSJ and BUSINESSWEEK. they signal a turnaround in the market. when they yell "BUYBUYBUY" , its too late to the party and when they "SELLSELLSELL", you are probably leaving way to early.

no one can predict the stock market, folks.
want to succeed people? be nimble. learn how to short stocks. make money whether the stock market rises or falls, but let's all remember - the stock markets TEND TO RISE, and the OVERALL LONG TERM TREND is RISING. walk carefully, and don't listen to the chicken littles (who would have you digging a fallout shelter - geez!).

Time To Abandon Stocks?

good article.
EGG - i don't understand your criticism of the article: "one major problem with your article is that in 1979 the stock market had been in a bear market since 1966...today we have been in one for less than a year. There hasn't even been a full calendar down year in this bear market."
how does that change the fact that the BUSINESSWEEK article (or prediction) was WRONG? perhaps the fact that the "bear market" we have been in (for less than a year), should make the WALL STREET JOURNAL that much MORE cautious about publishing a doom-and-gloom article on its front page....

cathy is right on about the fact that NO ONE can predict the future. i, for one, am fed up with these pundits (most of whom are financial JOURNALISTS) make these sensational claims. don't they realize that they usually wind up looking rather foolish?