Mr. Hui - You're the one who called 'Oil at $50 before $150' during the summer. Unlike some of the other articles around here with no sort of track record (Tacitus - cough, cough), I'll take yours with a lot less skepticism. Thanks!
Bah, it's silly to think that Cramer caused this drop. If he had that much clout, then why didn't the stock market soar when he was calling a bottom a few weeks earlier?
He's an entertainer. Listen to his advice at your own risk.
@Marvin - psst, it's paradigm, not paradyne. But seriously I hear ya and am also feeling the pain.
In regards to the article - I thought naked short selling has always been illegal, but only now are they finally going after the perpetrators. And I fail to see how this prevents *all* shorting, nor how it is making it illegal for stocks from going down?
I agree with the basic premise that the market will go up in the next 3-5 years, but I have to take exception with using a 3 year and a YTD chart for your analysis.
You wouldn't look at a 1 month chart to trend for next month, or a 1 week chart to predict next week. And to use a YTD chart to predict the next 3-5 years is like using a 1 day chart to predict what's going to happen next week or a 1 week chart to predict next quarter.
And finally, just because markets tend to go up in the long haul, there's still a chance that it might not over the next 3-5 years. SPY certainly didn't do so well if you bought back in as the dot com bubble was gradually bursting in 2001-2002 rather than the true bottom in 2003.
The Law of Unintended Consequences: 20th Century and Beyond [View article]
10 Contrarian Reasons for a Bottom [View article]
Thursday Outlook: Wipeout? [View article]
Isn't that also Al Pacino in one of the Godfather movies?
Enjoyed the article as usual. Thanks.
Chasing Unicorns: The Cycle Gods Are Still Playing with Us Mere Mortals [View article]
The Cramer Crash? [View article]
He's an entertainer. Listen to his advice at your own risk.
Playing for a Bounce? [View article]
See:
ap.google.com/article/...
Playing for a Bounce? [View article]
In regards to the article - I thought naked short selling has always been illegal, but only now are they finally going after the perpetrators. And I fail to see how this prevents *all* shorting, nor how it is making it illegal for stocks from going down?
The Long Case for U.S. Equities [View article]
You wouldn't look at a 1 month chart to trend for next month, or a 1 week chart to predict next week. And to use a YTD chart to predict the next 3-5 years is like using a 1 day chart to predict what's going to happen next week or a 1 week chart to predict next quarter.
And finally, just because markets tend to go up in the long haul, there's still a chance that it might not over the next 3-5 years. SPY certainly didn't do so well if you bought back in as the dot com bubble was gradually bursting in 2001-2002 rather than the true bottom in 2003.