Blogger Greg Newton from NakedShorts was just on CNBC talking about the PowerShares Listed Private Equity ETF (PSP). He waded through some funny questions including one about new ETFs being nefarious.
Congratulations Greg.
On a different note, the new buzz about dow 13,000? I had a vision of the classic Joey Batts line about Nasdaq 6000 being a chip shot. I'm sure its just me.
For the record while I would have thought there would have been a correction by now I am not saying any correction that mih come would be anywhere near as big as what happened after the chip shot line.
Wikinvest Wire
3 comments:
Very erotic stuff today. "Naked shorts" and the Wallstrip girl. It just got my attention. Is it the red t-shirt w/curves? Is it the shoes in the background that looks sooo genital? This girl has got IT. My wife just walked on, no kiddin and I'm getting questioned. I'm trying to be ojective now. I need perspective. Ok. This site is the new contrarian indicator. A correction is close at hand.
I am happy to see so much pessimism out there. I suspect we will be hearing similar comments approaching DOW 14,000 and certainly 15,000.
Do not get me wrong, I expect a correction – eventually. But, there will be a lot less hand wringing going on before the eventual correction than there is today.
Massive short squeeze plus the Fed printing money like it's going out of style. I'm a permabear and I think stocks can keep going up longer than anyone thinks.
The conventional wisdom seems to be that it will stop after the election, which means it probably won't.
(Ok, my saying this probably means the top is in).
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