jonreagan

Market Crash Imminent: Get Out While You Can

Yesterday's stock market movement was due to a lot more than just WMT earnings; in fact, news from certain segments of the financial sector calmed the kind of hysteria that people like you are spreading. Goldman Sachs showed that not all financial institutions are poorly run, just some of them--just as JPM did several weeks ago. Several other favorable stories yesterday related to fundamental business success; AAPL's talks with China Mobile to take the i-phone to China was a case in point. The biggest product launch of the year, and perhaps the hottest item this holiday season will now be sold in the largest country in the world. Why shouldn't a company's stock go up on an announcement like that??? Not to mention the fact the company has a full stable of other saleable products, which have captured the consumer's imagination as well as their disposable income.
While I think most of us believe in free speech and thought, one shouldn't be able to scream fire in a movie theater, either. Seeking Alpha should look at headlines like the one on this article and decide whether such shrillness is worthy of their readers' attention. (Obviously, such writers' motives are questionable as well, if not their judgment.) Some things are so far out of the mainstream, that they should just be relegated to the trash can.

Market Crash Imminent: Get Out While You Can

Don't look now, but as I read your little essay (Tues., 1:40) you may have "sold off all your positions" a day early. But there's still time...why don't you try buying them back? You could create a whole new strategic approach: sell low, buy high.