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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (10805)	12/5/2008 6:28:04 AM
From: Stoctrash	2 Recommendations Respond to of 33421

Now you've got me on a rant here....... These are the same compliance clowns that over the last 5-10 years said diversification into hard asset classes and short positions to hedge a portfolio was not a prudent investment and God forbid you talk about trading in and out to lock in gains, oh gosh...that's "risky", "you'll miss the big up days" LOL!!! These compliance clowns often have never managed money...sold a fund, or even traded a stock for a client. I know this is not true in every case, but I've seen if first hand more than once. All they preach is buy and hold...buy the dip...buy the banks stocks, blaahh blaaahhhh..blaahhhhhHHHHHH!!! What are they saying now? Just keep DCA'ing? Move everything into Bonds? (next bubble to pop) F them! They don't have a clue what's really prudent, tell them to ask one of their many customer who was told to "sit tight" on a portfolio loaded in "safe" bank stocks the last 2,5,10 years! Their like a back seat driver telling ME how to drive MY Ferrari and they've never even sat behind the wheel of a pos 4-banger Fiero!!!!

To: Augustus Gloop who wrote (10805)	12/5/2008 9:12:48 AM
From: Stoctrash	3 Recommendations Read Replies (1) \| Respond to of 33421

This is what the FED and Treasury are trying to do now = put a floor in housing prices. It won't work. Not in a time frame that will matter anyway (IMHO). I could be wrong, maybe that is why the market is not down 400 points on the impressive jobs number. ===================== To: John Pitera who wrote (9158) 3/23/2008 4:44:06 PM From: Stoctrash Read Replies (2) of 10817 JP, Check out the BOA estimates....chopped, sliced and diced, Ginsu style... You can prop stock prices, add liquidity, support bond prices, bail out your friends, take in crap and give em T-bills...but there is no way in hell you can instantly force housing prices higher. I just was talking with relative that last week closed on a high end condo, 50th floor in downtown Miami...he bought it over 2 years ago...and construction was just finished...ouch!! I asked if they worked with him on price, nope....!!! Good thing he's mega loaded so, the 500k he just over paid didn't phase him too much. Funny part is instantly he went on how in the long run it will be fine..lol. Define long run?....uggghhh...