slickvguy

Bad News for Bear Shareholders Is Good News for the Markets

"While Jamie Dimon has shown himself to be decisive and opportunistic this weekend, Ben Bernanke looks increasingly like a schmuck who'll do anything Wall Street asks him to do.
"

So easy to take a cheap shot at Bernanke. You're a real hero.
I think Ben was late to the party, but has been making up for it lately. What was he supposed to do? Let the dominos fall and knock one institution after another down? That scenario would wipe out EVERYTHING - not just a few players who deserve it.

Shame on you for making such an unfair and cheap statement. I see that BDS doesn't only include Bush.

If you dislike what he did, then talk about his policies. That's fair game. Taking a cheap shot at what you perceive other people perceive, blah blah blah, is as obnoxious as it is stupid.

Pundit Failure: We Are in a Bear Market and This Is a Recession

Dear mr. internet nostradamus #19384757636,

A recession has a definite meaning - two consecutive quarters of negative growth. It is a FACT that we are NOT currently in a recession.

A bear market is commonly defined as -20%. From peak to current price, the s&P 500 is down about 14.5%. Thus, technically-speaking, we are not in a bear market. Yet.

The current environment is one of a)slow growth, b)housing/credit bubble burst, c)historically high p/e's, d)rising inflation (regardless of what the BLS's massaged numbers indicate), e)flat corporate profits. Clearly this is not a good environment or the stock market as a whole.

Touting your horn about the subprime-related stocks is laughable. You and about 50 million other investors saw the same thing. Big deal.