If there weren't people like Barry to scare the masses and induce them to make the wrong decisions, the smart money wouldn't be able to make as much. People like Barry are crucial to the survival of the industry (money managers, brokers, CNBC)
Barry believed the stock market topped out last May and since then we've had an almost 20% 12 month run an we're still in the midst of a bull market. How could I possibly take him seriously when he refuses to participate in the best wealth creating time of our lives?
Barry is either paid to be negative or he's just not very smart. Either way, I am not interested in his opinions. I read his column for the sole purpose of amusement, the same way I read the comic pages.
Wasn't the word (Jim Cramer and others) that Goldman is the only brokerage firm not exposed to subprime/exotic lending? This seems to indicate otherwise.
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Hello Barry
You said that this type of slowdown in previous instances has led to a recession. I don't disagree that we could go through a recession, however you failed to mention how that could impact the stock market. After the 1981 recession, stocks jumped 350% in the subsequent 3 years. A recession can be followed by earning reacceleration, can it not? Couldn't a brief recession at the end of this year force the fed to go through rate cutting again and provide impetus for growth for the next 5 years?
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You look at message boards for your research?
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If there weren't people like Barry to scare the masses and induce them to make the wrong decisions, the smart money wouldn't be able to make as much. People like Barry are crucial to the survival of the industry (money managers, brokers, CNBC)
Barry believed the stock market topped out last May and since then we've had an almost 20% 12 month run an we're still in the midst of a bull market. How could I possibly take him seriously when he refuses to participate in the best wealth creating time of our lives?
Barry is either paid to be negative or he's just not very smart. Either way, I am not interested in his opinions. I read his column for the sole purpose of amusement, the same way I read the comic pages.
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Thanks for your perspective. Can you define what you mean by "new highs"? Highs above the 12600 on the Dow?
Housing Starts and Recessions: Gloomy Statistics [View article]
You said that this type of slowdown in previous instances has led to a recession. I don't disagree that we could go through a recession, however you failed to mention how that could impact the stock market. After the 1981 recession, stocks jumped 350% in the subsequent 3 years. A recession can be followed by earning reacceleration, can it not? Couldn't a brief recession at the end of this year force the fed to go through rate cutting again and provide impetus for growth for the next 5 years?