"You sound upset that the market came back, making you predictions a little less accurate. "
"BTW, with all your preaching, I assume you have sold all your equities, and are now short the market? Or are you hypocritical as well as rude?"
Fatuous nonsense. Some of my stocks are up, many are down. I have never claimed to be able to call market bottoms.
As for the market "coming back," it is down for the day in most sectors. If you mean it _could have been worse_, this is always true. My comments over the weekend were obviously not about minor movements in the late afternoon on a particular day, like today.
You need to work on your analytical skills. You sound like a chick.
My main point was that the call for "things you can do" (issued by various brokers and business magazines) was a transparent effort to get the sheeple back to buying. So transparent that even commentators on CNBC were advising "prudence, not patriotic gestures."
Those who rushed in took some significant losses, unless they were careful.
Remember that Carl Mehr and I had an exchange before the market opened about Boeing v. General Dynamics. I expected Boeing to be hurt badly by the "no one is flying" (almost no one) mentality, even though they a military aircraft operation (which will take time to see new orders). General Dynamics is less exposed in commercial aviation and more exposed in military, so it was expected to go up.
Those who sold Boeing and bought GD did very well.
Prudence, not superficial jingoism about "helping the economy."
The best way to help the economy is to let markets work. Let bloated companies like most of the airlines go out of business. Let hotels which overbuilt rooms go out of business. Don't bail _any_ companies or industries out.
--Tim May |
