Author |
Message |
Jaimec
| Posted on Friday, October 16, 2009 - 11:25 am: |
|
This article sums up what I've been saying all along. You can't use the stock market as an economic indicator because the numbers mean NOTHING. They aren't based on reality. |
Doerman
| Posted on Friday, October 16, 2009 - 11:36 am: |
|
While I agree Jamie, the article was written (most likely by a broker) with the intent to pump the value of the Small CAP stocks he was discussing toward the end of the article. I'll bet my left footpeg that he's the broker of record for those three companies. Not entirely unbiased either. |
Cityxslicker
| Posted on Friday, October 16, 2009 - 12:44 pm: |
|
Any time you have a speculative run on a product, service, or ideal, you will have a market correction when reality hits and profitability has to show the hype was worth it. How many times has it crashed? Electricity 1998 (made a nice lil jump there) Tech 1996 Really the heady IPOS were done be then Oil 2004 Made some nice money in futures there Real Estate 2007 Investment housing flips are a thing of the past. Buy LAND. OCC They jumped the shark with that camo dirt bike thing for the hunting store Gold.... will be next. I bet it makes a peak about 1270 and then falls and gets revaluated by the powers that be. ie some damn Dem finance committee The dollar? you are seeing it being busted on a daily basis. Most dont even carry cash anymore. |
Ferris_von_bueller
| Posted on Friday, October 16, 2009 - 06:27 pm: |
|
I'm with Dennis Miller on Wall Street, "The reason it's called Wall Street is because you have to be as thick as a wall to trust it" |
|