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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: InvesTing who wrote (38982)	9/23/2008 1:51:01 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 42834

...“So what we have here basically, is an example of false prophets and it’s sad. And the reason it’s sad is the damage done. Think of the people that are looking today at the market, S&P at 1400 and they’ve been scared out of the market in the first quarter by these bears………It’s just amazing and yet these people are out there, and these people are not happy, I’m sure, to find themselves out of a rising market since March. To find themselves looking for ever lower prices when in fact we’ve had the opposite.".. Here's my reply to that one! ...“So what we have here basically, is an example of an arrogant carnival barker and it’s sad. And the reason it’s sad is the damage done. Think of the people that are looking today at the market, S&P at 1195 and they’ve been fooled into staying in the market in the second and third quarters by this charlatan………It’s just amazing and yet these people are out there, and these people are not happy, I’m sure, to find themselves caught in a collapsing market since July. To find themselves looking for ever higher prices when in fact we’ve had the opposite."..

To: InvesTing who wrote (38982)	9/23/2008 4:15:56 PM
From: sea_biscuit	Respond to of 42834

“...What we have right in here now is evidence that the Cassandras, who earlier this year, were telling us we were in recession – right now they’ve basically – well I’ll be kind, basically, they look like fools right now. Because all that they’ve accomplished with their talk about recession…………all that they have to show for their efforts is that they scared the people who listened to them out of the stock market this past winter……….” And... “...What we have right in here now is evidence that the carnival barkers, who earlier this year, were telling us we were going to make new highs – right now they’ve basically – well I’ll be kind, basically, they look like idiots right now. Because all that they’ve accomplished with their talk about new highs…………all that they have to show for their efforts is that they screwed the people who listened to them out of the stock market this past summer……….”

To: InvesTing who wrote (38982)	9/23/2008 4:20:24 PM
From: sea_biscuit	Respond to of 42834

And ".........................So it’s fair for you to say to the Cassandras, where is that recession, where are those millions of lost jobs, where are the two quarters of negative real GDP growth? Where’s the bear market? …………The answer is, they blew it! That is the answer, they blew it. They got caught up in their own negativity and they pronounced that it was all over, it was going to spiral downward and there was no end in sight – and they got it completely backwards. Truly amazing to see, and sad to see the people that are harmed by such unjustified negativity.” .... To which, I say : ".........................So it’s fair for you to say to the carnival barkers, where is that bull-market, where are those millions of new jobs, where are the two quarters of HONEST GDP growth? Where’s the bull market? …………The answer is, they blew it! That is the answer, they blew it. They got caught up in their own spin and they pronounced that it was clear skies, it was going to shoot upward and there was no end in sight – and they got it completely backwards. Truly amazing to see, and sad to see the people that are harmed by such incorrigible stupidity.” ....

To: InvesTing who wrote (38982)	9/23/2008 9:28:19 PM
From: octavian	3 Recommendations Read Replies (1) \| Respond to of 42834

InvesTing said (in part): <<...I don't see robust consumer spending returning anytime soon, so a recession is very likely, perhaps some deflation prior to severe inflation to pay off the huge debt. I'd say the chance of a recession is over 75% and that includes a Japan like depression lasting a couple decades about 25%. Indeed I think that a 25% chance of not having either is unduly optimistic...>> --LOL! MI asks Ting a question requiring a one to 10-word answer, and gets a 50,000-word essay!! Ting, are you "staying the course" despite your bleak outlook? You almost talked me into bailing out!! -:)