James O'Brien>> "So basically I post bullish, you mislabel me a bear anyway and rip away..."
No, I specifically addressed the hackneyed statement:
"At some point, the bubble will burst but probably not for 5-6 years
when boomers over 50 start cashing in and moving to bonds."
How on earth could that be regarded as "bullish"?
What you really sounded like was someone who's "system" for analyzing what stocks to short isn't working quite so well...but your analysis can't be wrong, so the whole world must be off it's rocker, and we're all gonna pay for it in the end.
James O'Brien>> "Your profile says you are 31 and like to rip pundits. This means you have never seen a bear market and someday you will be taught a lesson."
I buy (what I consider to be) quality companies, and plan to hold them for as long as they stay true to the reasons I bought them. If I choose correctly, that means 20+ years. I balance that with a sizable amount in the general market (S&P 500).
With history showing that this long term strategy has been very successful, even in the midst of severe bear markets, exactly what "lesson" will I be taught?
James O'Brien>> "I only talked about this stock not the market in
general."
No, sir. You stated, in post #101: "The market and the DOW 30 in particular have entered a brave new world of earnings multiples and the whole process is liquidity driven. At some point, the bubble will burst but probably not for 5-6 years when boomers over 50 start cashing in and moving to bonds."
James O'Brien>> "Better pick your targets a little more carefully..."
I chose my target quite carefully....despite your attempt to dispute what you said.
James O'Brien>> "DIS was my only (mistaken in retrospect obviously) short out of more than 40 stocks (although the co. is still overrated)."
"Still overrated", eh? Now who is it that needs to be taught a lesson?
Wait, I know....don't say you were wrong...just say you were "early".
That's how all the burned short sellers justify their losses.
Can't you, just once, come out and say "ya know what, I don't know how the heck to analyze this company. You long investors obviously have a better grip on things than I do. I'm just gonna forget it, and try to figure out where I screwed up."
Just once. |
