Market and Economy Predictions for 2009 [View article]
MrGeneric said "Everyone wants to be a Messiah nowadays. What a cheap prediction. I'll buy that for... 50 cents on the dollar!"
He's on the right track. Everyone says to buy now because everything is "half-off."
Consider this: Housing values had quadrupled in the last 20 years before the current CRASH. What if housing values were inflated before they started on their exponential journey?
We may have to correct to 1985 prices before the bottom is reached.
Now, look at the Stock Market- It more than tripled from October of 1993 (around 3300) to August of 2000 (around 11,000). Since then, the market has been correcting.
Sure- we had a huge "Sucker's Rally" that peaked near the end of 2007.
It is possible that we will correct to 1993 levels.
Keep cash on hand. Don't put any extra money into the Stock Market.
What we are going through now is only the beginning.
Despite Everything, Capitalism Is Alive and Well [View article]
First of all:
The Stock Market is not an example of Capitalism at work. Free Market Capitalism is about as real as the tooth fairy, and it's true location is Never-Never Land.
Second: Ford's CEO receives (not earns) roughly $28 million/year.
Typical Assembly-line worker: $80,000/year (lots and lots of overtime figured in here).
CEO loses billions each year. Assembly-line worker produces $800,000.00 worth of product.
Now, tell me how the worker is the problem
Third: The Author looks like a KGB Agent. Thank God he doesn't know how to find me.
S&P Set for 50%+ Gains? Not So Fast, UBS [View article]
Dow 25,000 will happen during Obama's administration. At that point you should buy Put LEAPS that are as far out as you can get. Buy the ones that are 60% of the then current price. You will make a fortune when the market goes down.
Until then, take advantage of stocks that refuse to die- like Target (horrible fundamentals, bleeding money). DAYTRADE in and out only. "BUY and HOLD" is now renamed "ANTE and FOLD". There is no long term strategy anymore. In and out, that's the only way nowadays.
Real Unemployment Closer to 18%: Watch Those Long Positions [View article]
And how about PROTECTIONISM? I say go for it. Hell, it helped turn a small depression into a Great Depression.
GD two is here. Can anyone show me where the nearest soup-line is?
Market and Economy Predictions for 2009 [View article]
He's on the right track. Everyone says to buy now because everything is "half-off."
Consider this:
Housing values had quadrupled in the last 20 years before the current CRASH. What if housing values were inflated before they started on their exponential journey?
We may have to correct to 1985 prices before the bottom is reached.
Now, look at the Stock Market- It more than tripled from October of 1993 (around 3300) to August of 2000 (around 11,000). Since then, the market has been correcting.
Sure- we had a huge "Sucker's Rally" that peaked near the end of 2007.
It is possible that we will correct to 1993 levels.
Keep cash on hand. Don't put any extra money into the Stock Market.
What we are going through now is only the beginning.
Despite Everything, Capitalism Is Alive and Well [View article]
The Stock Market is not an example of Capitalism at work.
Free Market Capitalism is about as real as the tooth fairy, and it's true location is Never-Never Land.
Second:
Ford's CEO receives (not earns) roughly $28 million/year.
Typical Assembly-line worker: $80,000/year (lots and lots of overtime figured in here).
CEO loses billions each year. Assembly-line worker produces $800,000.00 worth of product.
Now, tell me how the worker is the problem
Third:
The Author looks like a KGB Agent. Thank God he doesn't know how to find me.
S&P Set for 50%+ Gains? Not So Fast, UBS [View article]
Until then, take advantage of stocks that refuse to die- like Target (horrible fundamentals, bleeding money). DAYTRADE in and out only. "BUY and HOLD" is now renamed "ANTE and FOLD". There is no long term strategy anymore. In and out, that's the only way nowadays.