Paul Farrell's latest takes aim at "Dow 20,000" as being more hype citing all the people who were tragically bullish going into the financial crisis. I would venture to say that for as many people who were incorrectly bullish to start 2008 there were just as many who were incorrectly bearish in 2009.
I will repeat what I said the other day; take in divergent views in conjunction with your own observations and draw your own conclusion.
Wikinvest Wire
4 comments:
Roger,
I think what helps is to have a good system and to have discipline.
The rest is garbage. Onyone can say anything. People in the financial world shoot any garbage there is out there. Oh, by the way, Yamada, on thursay, she was very bearish and today we are having a good rally. I am not taking shots at Yamada, but she a contrarian indicator, and it works very well.
Roger,
good thing that you have the 200ma, and I am developing other indicators. That is the most important. The next importance is discipline.
Best,
Jeff from Milan, Italy
It's funny that Farrell was such a bull in the 90s.
Jeff from good old Milan pretty much nails it. A system of some sort and discipline. Goodness knows the digital world is populated with investment bunk (present web site excepted, of course).
Regarding Farrell: Being a bull in the '90s wasn't exactly a bad call.
But maybe Farrell needs to start drinking decaf. The hyperventilation obscures the points he's attempting to make.
BillM
Thanks BillM,
I like Seg's quote, the more you work at investments the luckier you get. Good show SEG. Here is an article that is interesting: http://www.thefiscaltimes.com/Columns/2011/06/20/How-the-Fed-Could-Set-Off-a-New-Recession.aspx
Best,
Jeff from Milan, Italy
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