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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (22127)1/18/2003 9:00:15 AM
From: farkarooski  Read Replies (1) | Respond to of 57110
 
<<the really sad thing is that for many the putz comes across as a very intelligent and knowledgeable guy. thousands of people listen to him and take comfort in the "fact" that if they just keep adding to their 401k's they will be better off next year. >>

I am quite amazed by the fact that CNBC still keep Kudlow around for all these times, he never offered specific stocks advice (in contrast to Cramer, who at least got some of his picks right, but of course, if you picked enough, some of them bounded to turn out okay), the only thing he ever said is 'we should have a double digit gain this year', and he has been wrong for 3 years running ...

I guess they keep him either 1) for his comic value or 2) CNBC is one of the evil whose job is to fark those stupid market participants who entrusted in Kudlow's view !!!



To: orkrious who wrote (22127)1/18/2003 9:04:40 AM
From: Oral Roberts  Read Replies (1) | Respond to of 57110
 
My step dad listens to those fools and breaths in their every word. He is even worse about Marie. He loses money faster then I could lose it throwing it on the hard 6 on a damn crap table and he just doesn't get it.

So my Mom asked me to help her with her personal money and retirement account which I have. Thursday I call her and say how in love are you with MSFT. She says I will go by whatever you say and I said the chart sucks and I think you should rid yourself of them. That night I get a call from my hysterical step father telling me how much money I cost them because MSFT announced a split and a dividend. He yelled for about 30 seconds and then slammed the phone. I took great pleasure in our conversation yesterday that went almost word for word like this.

"I am not concerned with what a stock is going to do in the next 5 minutes but rather I worry about what it is likely to do in the next 5 weeks in Mom's account. MSFT's chart is broken and I think it very likely they go down over the next 5 weeks minimum. If you ever call me again screaming about what one of those jerk offs on CNBC has to say I will not help you with your monies anymore and oh by the way MSFT is down 5 from where you sold it you asshole."

As long as there are people like my step dad buying because those idiots on tv say the bottom is in this bear market will never be over. I suppose that should make me as a trader happy as they are much of the volatility, leaping in when Maria says to and then barfing up their stock in pain when it goes the wrong way 3 days later. Rinse, lather and repeat.