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BHO, DCB, DIBS, etc are not buy, go away, then come back 10 yrs later type investors. they’ll ride a wave up then sell. it’s those idiot blind “long term” hold retail investors who’ll get killed and deserve your preaching
I just read an article comparing new highs to new lows across industrial sectors. Across the board there were way more new lows than new highs.
That is fertile ground for a new leg of a bull market.
Looking myself, Qualcom is at a new low, as are many other growth companies. The opportunities are there, fear is rampant, and the risk free rate of return is pracatically nil.
Sooner or later, and my guess is sooner, a new bull market is going to climb the “wall of worry”.
“We have not experienced anything close to that in the US at any period since then.”
Wake up, DCB! Right up to the peak of the boom, we had a negative savings rate not seen since the Crash of ’29. That alone should tell you something.
Then you have accounting games, volatility, worldwide distress in tandem, unprecendented bailouts, etc – the parallels are dangerously similar.
And unemployment a year after the crash, then (1930) and now (2010), was/is about 10 (though reported differently to today’s disadvantage). And it is officially forecasted to stay elevated. And they’re not ruling out a rise which will most certainly happen.
BHO, DCB, DIBS, etc are not buy, go away, then come back 10 yrs later type investors. they’ll ride a wave up then sell. it’s those idiot blind “long term” hold retail investors who’ll get killed and deserve your preaching
Unemployment during the great depression peaked above 25%.
10% unemployment is painful, but it is not 25%.
We are not in a depression by any definition. Maybe in the future, but not now.
And by the way, there was plenty of accounting chicanery then as well as now. Human nature never changes.
“Sooner or later, and my guess is sooner, a new bull market is going to climb the ‘wall of worry’.”
I believe they call that a dead cat bounce.
***Bid half off peak comps***
“fed’s beige Book says economy improved in all 12 districts.”
What does their other book say? (the red one)
***Bid half off peak comps***
I just read an article comparing new highs to new lows across industrial sectors. Across the board there were way more new lows than new highs.
That is fertile ground for a new leg of a bull market.
Looking myself, Qualcom is at a new low, as are many other growth companies. The opportunities are there, fear is rampant, and the risk free rate of return is pracatically nil.
Sooner or later, and my guess is sooner, a new bull market is going to climb the “wall of worry”.
Kens, only if it was bigger (ie ~1000 sq ft), it might be a good pad for you
“We have not experienced anything close to that in the US at any period since then.”
Wake up, DCB! Right up to the peak of the boom, we had a negative savings rate not seen since the Crash of ’29. That alone should tell you something.
Then you have accounting games, volatility, worldwide distress in tandem, unprecendented bailouts, etc – the parallels are dangerously similar.
And unemployment a year after the crash, then (1930) and now (2010), was/is about 10 (though reported differently to today’s disadvantage). And it is officially forecasted to stay elevated. And they’re not ruling out a rise which will most certainly happen.
Need more?
***Bid half off peak comps***
“Elimination communication”
I can see the new Febreeze commercial now.
fed’s beige Book says economy improved in all 12 districts.