Re: Birchtree's Account Talk
Originally Posted by
Birchtree
This post however has my positive attention.
"Clearly where the stock market is concerned the sovereign debt crisis talk is just background noise that continues to keep scared money away from investing, just as has been the case for the past 12 months where every correction breeds panic sell commentary. Which is great for a stock stealth bull market, the longer scared investors are kept in perpetual state of fear, the greater will be the bull run. How far could the stock market run? The stock market forecast for 2010 targets 12,500 this year, and continues to allude to a multi-year bull run."
http://www.marketoracle.co.uk/Article17732.html
Both good reads, and I concur, you don't have to agree with it. I say "good reads" to both because I think it is interesting to see what the other opinions are.
My take is that in every "crisis" there are camps of people who make drastic predictions (in either direction) because from an analyst standpoint its a huge payoff bet. If they end up right, they can tell everyone "see I told you so" then write a book about it and sell it to suckers. If they end up wrong, who cares -- they'll just explain it away, saying the situation changed, then modify it into a new prediction.
My posts are not advice. It's just my ideas from stuff I read, open to feedback from others. Be critical. Do your homework. // Currently: 50C/50I; 12-mo PIP: 12.05%.
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