The longer the markets stay hell bent on keeping this whole system going the worse the sell off is going to be.
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Doesn't anyone remember 2000?
- Thread starter athlonmank8
- Start date
Come on. In 2000, nasdaq was 5000. Company stock jumped a couple hundred % just by announcing that they had a website. AOL, excit@home, pets.com, geocity, idealab, CMGI, netscape, dsl ISP that don't own the line, furniture.com. Bunch of companies with no E in the PE. Bunch of newbie investors with internet accounts. All MBA dream that they are the next bill gate by opening a X.com website. Fake companies like Worldcom, Enron..etc.
Remember him? http://en.wikipedia.org/wiki/Henry_Blodget
I still have the scar to prove it. I learn that buy and hold don't work. Any tech stocks you bought between 1999 and 2000, you probably are still underwater as of today. I am talking about solid companies like Cisco, Intel, Nokia...etc.
This time, the bubble is in real estate. This time, there will be a recession too, but the market will be a lot more reasonable.
A better comparison to draw is the early 90s saving and loan crisis, but I am not old enough to experience it.
Remember him? http://en.wikipedia.org/wiki/Henry_Blodget
I still have the scar to prove it. I learn that buy and hold don't work. Any tech stocks you bought between 1999 and 2000, you probably are still underwater as of today. I am talking about solid companies like Cisco, Intel, Nokia...etc.
This time, the bubble is in real estate. This time, there will be a recession too, but the market will be a lot more reasonable.
A better comparison to draw is the early 90s saving and loan crisis, but I am not old enough to experience it.
Quote from poyayan:
Fake companies like Worldcom, Enron..etc.
Remember him? http://en.wikipedia.org/wiki/Henry_Blodget
I wonder if Sarbanes Oxley accounting rules actually prevented large scale fraud type events.
I read the Henry Blodget article. Mr. Blodget was a star analyst during the dot-com bubble about year 2000. According to the article this is Blodget's view recently:
"Blodget's later articles for the magazine focused on the return-limiting actions of individual investors, including listening to analysts and the financial media, and relying on active management such as mutual and hedge funds. Instead, Blodget recommends low fee index investing to capture the broad return, while focusing on reduced portfolio turnover to minimize taxes. This investment strategy is in contrast to his earlier life as an analyst."
"I wonder if Sarbanes Oxley accounting rules actually prevented large scale fraud type events."
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Just my .02. But the the govt gave the accounting industry Sox to make up for the screw up with A Andersen. They gave the dog a bone. Generate some revenue for the industry.
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Just my .02. But the the govt gave the accounting industry Sox to make up for the screw up with A Andersen. They gave the dog a bone. Generate some revenue for the industry.
Quote from athlonmank8:
Technical is still weak (however did get an initial buy from the MA's), but fundamental weak.
Sell signal hasn't been triggered for the downside however Im not in willing to play the upside quite yet. I dont get a break down that's fine, however If I do i'll be more tahn ready for it.
If we then get a break to new highs i'll cover and stay neutral.
As of now athlonmank8, we must wait to see if the Generals are going to take some more profits. They are heavy longs from circa 1410 on S&P and might be gunning for the 1510 level before any singificant retrace, but, as you rightly say, it should not matter once we are prepared to trade, and more importantly, do so correctly !
Quote from Algorithm:
Threads like this crack my ass up.
Bulls, make money
Bears, make money
Pigs, get slaughtered
It's that easy people.
Bulls make money and lose it !
Bears make money and lose it !
Foxes rarely stray into open ground !
It can be as easy, or as hard, as we make it ourselves !
TEXTBOOK 2000 scenario. Sell-off will continue into the summer now.
Blind leading the blind. lol
Blind leading the blind. lol
It did not last that long, look at charts and valuations. Contested elections and valuations was the straw. Valuations not a problem this time. And the dollar was crushing then....
Quote from athlonmank8:
TEXTBOOK 2000 scenario. Sell-off will continue into the summer now.
Blind leading the blind. lol
Quote from FAST.AM:
Market Crash ? Not until the jobs market goes under. Housing is very small part of GDP.
Market Correction.. I agree..
Some stocks like Bidu Crash.. China stocks deflate.
stocks like P&G will be fine.. The Global picture as of today is intact..
Please define intact because I don't remember global markets ever being as fd up as they are today. Bidu crash? The Sensex basically crashed just a few days ago! Housing is not a very small part of GDP when you factor in all the sub layers. Seriously, what planet are you from?