05-20-2009, 04:48 PM
Andy Wrote:You guys should read Michael Lewis' Panic and Liar's Poker. He was wall street guy before he became the most awesome non-fiction writer. The stock market really isn't rational and information dissemination is not in the normal joe schmoe's favor.
I'm pretty much taking a "wag the dog" view of the stock market at this point when looking at short term investments. All I see is people react to the overall "feeling" of the market and the daily news cycle. When there are 100 news stories each day about "glimmers of hope" and "not missing the upswing" the market goes up. Reverse goes for "not at the bottom yet" and "recovery bubble."
Longer term, I think any investment for a company that won't go belly up is still a steal at this point.
Why do people just post what they are thinking? Without thinking.
2012 Ford Mustang
1995 BMW 540i/A
1990 Eagle Talon TSI AWD
2012 Ford Mustang
1995 BMW 540i/A
1990 Eagle Talon TSI AWD