<<<What I disagree with about is his statement that the market has discounted all the bad news. How can you say that when our pals in washington are just getting ready to address the accounting and corporate governess issue, not to mention other balance sheet bombs that haven't gone off yet and earning season just underway. Speaking of which. Wouldn't it be nice to see GE, ORCL, and YHOO, come through and issue an upbeat outlook? Too much to ask for, especially the outlook part.>>>
Morning Bo:
Laz is still an optimist, full blown bears are not welcome in public.
Our problem is uncertainty which the market hates. A war that ended was tolerated. We have had terrorist acts before in past ten years. But now the press and military are on TV daily saying the worst ( we dont know what
will happen nor when it wiill be over) Mr G has been playing with every few months for years.
Introduction of the Euro produced uncertainty. Japan is a mess and we hear about it daily.
People fear unemployment and Mr Bush is still having to prove himself.
As to why old known systems do not work:
Eight handicappers, experts in systems for horse race betting, provided their selections each day in the Orange County Register. After a few weeks none of them were ahead on their bets They all lost !
They lost because of the "take" which varies from 12% to 21% of every bet made.
IMO , the same applys to popular stocks because of the churning, because funds sell to other funds, trying to gain an advantage And may take 5% off the top plus the spread and fees.
Therefore, if new investors do not buy Msft, Csco, Orcl, Dell, or Bac or other major stocks their price goes down as the brokers/MM's extract from the money pool or market cap.
They cant live without us, but treat us like dirt.
The Fed always wins................
Cannot have everyone become a millionaire and retire early or there will be less than one worker left here to support the 2 retireres. Thus we get lawsuits against Microsoft.
Perhaps we have reached the point of max fear now but I dont expect the market to stabilize.
I also see why they say you cant time the market ( I expected the market to go down as Bush spoke,and instead it went up, and then later crashed)
I think our best bet is to concentrate on lesser known stocks, preferably those without options,
The problem being the thread members would not agree on the choises, since with no news ar little news,
there is nothing to be discussed !. .
Enough for now
Sig |
