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This Market is a Fool’s Paradise
Bernard Baruch, one of the world’s most legendary speculators, said, “The main purpose of the stock market is to make fools of as many men as possible.”
Right now, that’s exactly what’s going on. And I assure you, a lot of folks will be made into complete fools in the next year or so.
Chances are though, the folks who are going to look like fools are not who you think.
A Fool and His Money
The amount of bearishness from the market commentators is as strong as it ever was. The recent rally has only strengthened their resolve.
The thing is though, market…
7Jun2009 | Q1 Publishing | 0 comments | ContinuedGet Ready for the Next 1,000 Point Move
Buying into the stock market after a 1,000-point rally is like trying to wrestle a skunk. There’s lots of risk and not much reward. The decline over the past few days has taken a lot of the stink out of that idea, however, and short-term traders can start nibbling on stocks right here.
There’s still risk. My downside target for the S&P 500 is 725. But stocks are now in an intermediate-term uptrend, which should last several more weeks at least. A few small stock purchases now ought to pay off well over the next month or two – even if there’s…
31Mar2009 | Stansberry and Associates | 0 comments | ContinuedGreat Fall of China
Earlier today, China announced its economy grew at a 6.8% in Q4. This is not very good news at all. China’s GDP growth is inching perilously close to 6% economic growth. Which is viewed as the minimum to keep the lights on. It’s a critical level the world is watching closely.
Say what you want about the validity of China’s “official” numbers, but it’s bad and it’s probably going to get worse. As you can see in the table below, the downtrend is still accelerating.
| China’s Quarterly GDP Growth Rate | |||||
| Time Period |
Q4 -2007 |
Q1 – 2008 |
Q2 – 2008 |
Q3 – 2008 |
Q4 – 2008 |
| GDP Growth Rate |
11.2% |
10.6% |
10.1% |
9% |
6.8% |
| Increase… | |||||
Confessions of a Market Convert
Let’s start with a little disclosure.
I have a confession to make, and it’s a bit embarrassing, because any time you change a long held opinion, friends, relatives, associates and acquaintances are sure to take issue. So be it. In the interest of everyone being in the know, here it is:
I am now a bull. For the first time since I began participating professionally in the markets nearly 15 years ago, I am now a full fledged stock market bull. I have been at various times a committed, rip-snorting bear, and at times a less aggressive, cute, Koala-like, friendly bear, but…
22Sep2008 | Oxbury Research | Comments Off | Continued
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