Internet Schminternet. The problem with the market right now is that the momos are running it. A good company is a good company and a loser is a loser. AMZN is a loser. Its backers are losers. Momos have taken GOOD COMPANIES and given them LOSER VALUATIONS.
There are GREAT BUYING OPORTUNITIES TODAY in ALL SECTORS. Find them, and RETIRE RICH.
But, I digress. Back to the subject at hand...
Zaxbowow fires a shot at the kings of loserdom
boards.fool.com
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Source: boards.fool.com
The head honcho sayeth,
In some senses what I'm saying is that in business, the rich generally tend to get richer, the poor poorer.
Zaxboowow personally finds an investing philosphy based upon beliefs like this lacking in basic morality.
Now that it looks like the FoolPort is going downhill, Zax notices that today TMF suddenly seems to be pushing the C-K port, the ultimate momo Wall Street "darling" portfolio, perhaps as the cure-all for all the evils inflicted on AMZN longs the past few days.
I wish TMF good luck in matching the DOW.
Zaxbowow believes that the creme rises to the top.
What can it possibly mean, when without weak earnings, or a U.S. currency devaluation, the market suddenly tanks? The lump sums of cash, equities and corporate debts has not in fact actually changed.
It means that the money, which was last week in the FoolPort, is this week in the DogPort. It means that the chickens have come home to roost.
Zaxbowow got up on Monday and saw a blimp with "Titanic" on it floating above him! He new that this day was special.
Thanks David and Tom.
-- Zax
P.S. Love your website. Shame about the Principles. (or is that Principals?... I never was much good at spelling) |
