jjsirius,
>>>> "What's driving the stock market is excitement, fun," Ladge declares. "You can try to quantify it with valuations, money flows, bond yields. But the fact is, everyone's watching CNBC. You buy a stock and it goes up. You get immediate gratification. Like it or not, it's a momentum game." <<<<<
Yeah, let him say that to those who just recently bought the DRUGs,HiTECHs,INTERNETs, at there highs recently.
Yes it is a momentum game, but was he good enough to say to get into the cyclicals/basic materials/etc before it happened or is he telling
them TO GET IN NOW?? Talking about the recent momentum upswing in the cyclicals etc, the majority of the gains so far occured within a window of 2-4 days when they all popped 2 weeks ago. For those who
got in after that time window they are now basicly flat,slighty up,or slightly down. And with the negativity on FRIDAY, I wonder how bullish they feel right now.
Im not saying the market cant go up, Im just expressing my disgust towards analysts who make strong opinionated comments. When they are wrong they have little or no consequences, while the average person
may have lost a bundle on the analyst's recommendation.
Rarely do I hear an analyst take an objective approach by clearly stating both sides of the story; it is either mainly bullish or bearish. They give you some of the negatives but have the tendency to leave out alot. For example, it is common to hear MARIA B. and many analysts say that there is plenty of money coming into the market, but they fail to say that compared to 1997,1998 the inflows are actually decreasing for the same time period. That decreasing amount may not mean anything since the market doesnt need alot of money to push up a few stocks, or it may mean something. Let the listeners make the decisions for themselves instead of being led in the direction they want the market to go.
This note was not towards you but to indicate how one side and even to the point of manipulation the analysts can be.
seeya |
