I am sick and tired of hearing the same generic stupidity repeated over and over again about the markets.
- “Housing prices will always go up”
- “The stock market will always go up in the long run.”
- “Houses are the best investment you can have”
- “Bonds/CDs are the safest investments”
All of these statements are not bad ideas, however they are NOT absolute principles.‚ … read more “Generic Idiocy in Markets”
More and more people are getting edgy about the markets. What started out as the “subprime lending crisis” is turning out to be only the tip of the iceberg, just as I have been saying for years. Top bankers on Wall Street are no longer willing to lend out new capital at ANY interest rate. The big investment firms are doing the analysis and finding that their testicles are frozen.… read more “Market Crash Probably Coming Soon”
Read this article on the New York Times written by Ben Stein. He claims that “trader realism” is the factor that is causing markets to go down or up- not any factors based on hard data. I think that he is actually correct, but only in the very short term and and not in the same quantity as he seems to believe.
(Rooftop deck with the best view in Seattle+
Vibrant sunset full of intense colors+
A giant pot of spicy pasta, 2 bottles of Cabernet Sauvignon )*
Great company; beautiful, intelligent and entertaining