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QUOTE Pessimistic stock guru goes with the - Page 2 - Politics, Business, Civil, History - Posted: 28th Sep, 2006 - 4:18am
Posts: 30 - Views: 6306
Do You Invest In The Stock Market? - Page 2
myfireduck said:
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| As I said, you must know yourself first. And taking the exception to generalize the whole sector or industry is just not fair. There are so many good funds and fund managers that consistently produce good results for their clients. |
You are right, I was generalizing. It just seems that the solid "name brand" or "benchmark" companies that in the very recent past have been associated with good, honest money management are being investigated for "irregular" activities or outright fraud. How, then, can you know who to pick? Suddenly, one has to dig much deeper to find a fund manager one can trust....
Roz
Edited: FarSeer on 17th Dec, 2003 - 2:30pm
Roz
| Offtopic but, I chose to quote only a few lines, not to be unfair, but in order not to quote your entire post into my post..I don't want Mr. Smith after me  |
Edited: FarSeer on 17th Dec, 2003 - 2:30pmInternational Level: Ambassador / Political Participation: 595 
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Market Stock The Invest Do
A memorable year
For fund investors, 2003 brings success -- and scandal
By Jonathan Burton, CBS.MarketWatch.com
Last Update: 4:45 PM ET Dec. 31, 2003
SAN FRANCISCO (CBS.MW) -- Surging U.S. markets propelled stock mutual funds this year to their best annual gains in almost a decade, as investors discounted a deepening industry scandal and celebrated the end of a three-year bear market.
Full story here...
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It just amazes me that it all goes on as "business as usual" even with all the scandals.
"Federal and state securities regulators now are investigating dozens of firms, and fraud charges are pending against some prominent companies and senior executives. Before the Securities and Exchange Commission and crusading New York Attorney General Eliot Spitzer are through, other fund companies will be implicated and punitive fines and jail terms will be levied. "
Roz
International Level: Ambassador / Political Participation: 595 59.5%
Do You Invest In The Stock Market? History & Civil Business Politics
The dollar is falling. But its progress towards worthlessness is being temporarily held up by a delightful
game of 'make believe' with the Chinese. Americans mortgage their houses and run up credit card bills so
they can buy Chinese-made goods and make believe that they are wealthy...while the Chinese make believe
that they can grow an economy by selling things to people who can't pay for them. On both sides of the
Pacific, the 'make believe' is aided and abetted by politics. The Chinese government desperately needs to
create jobs for its millions of workers - so it lends money to Americans knowing that the money may never be
repaid. The Bush Administration desperately needs to maintain the illusion of prosperity through the next
election, so it, too, spends money it doesn't have...and lures voters to do the same, with E-Z credit terms from
the Fed. - Bill Bonner (Editor of "The Daily Reckoning")
What we've seen for the last year is nothing more than a cyclical bounce upwards, a classic 'sucker rally,'
similar to what happened in 1930. Stocks are selling for outrageous prices. So I recommend you take the
money and run. But run where? I think the precious metals are the only place to be. But I've said for years
that, this cycle, gold isn't just going to go through the roof. It's going to the moon. - Doug Casey ("International Speculator")
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Page 2 Market Stock The Invest Do
I find it interesting that the Dow is currently at 11,650, and getting ready to set an all-new high, yet the US economy, some people say, is in the pits. Most of the economic data, such as stock market data, unemployment data, etc is identical to what it was 10 years ago, save for the deficit, but the current war is what has the market feeling skeptical. I also find it funny that no one is talking about the high Dow average, but 10 years ago, the Dow record then was big news. I suppose it would be too much for the media to admit that the economy isn't as bad as they portray it to be.
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Post Date: 29th Jun, 2006 - 2:06pm / Post ID: #
Do You Invest In The Stock Market?
Oooh! You must be rich, sweetie! Do tell your secrets to successful stock analysis, and the rest of us will share the wealth. Or perhaps just we two can go shopping!
Do Invest The Stock Market Politics Business Civil & History - Page 2
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| Pessimistic stock guru goes with the short answer By Brett Arends Boston Herald Business Columnist Monday, September 25, 2006 - Updated: 12:28 PM EST Fred Hickey is used to going against the crowd. Everyone scoffed in 1999 when the veteran Nashua, N.H., stock market guru, who publishes the influential High-Tech Strategist investment newsletter, warned that the tech bubble was going to pop. And they dismissed him as a wild alarmist early last year when he said house prices were going to slump. What's his view now? "I think we"re going to have a crash, across the stock market," he told me Friday. Yes, Wall Street has been flirting with new highs. And the stock market cheerleaders on TV are waving their pom-poms madly, urging you to put more money into the market. But people with long memories know that is exactly the time to get nervous. Think: 1929, 1987 and 1999. Hickey isn't alone in his worries. As reported here, several top investment managers - from Warren Buffett to Jeremy Grantham to Manu Daftary - have been pulling back from the stock market and hoarding cash. Many simply think equity prices are too high. Hickey's viewpoint is more alarming. He thinks the real estate slump is going to develop into a crisis that will spread across the economy. Hickey points out that housing sales have collapsed, prices are eroding, and a whole army of homeowners on adjustable-rate mortgages face sharp spikes in their monthly payments as their introductory periods expire. And he thinks it's going to get a lot worse. |
There are actually quite a lot of financially inclined folks seriously warning investors of the fall that's coming, and that it's coming soon. The Federal Reserve Bank (not government controlled, but a mis-named private bank that loans cash to the government) believes that if they can control the interest rates (and thereby inflation) that they can create a "soft landing" for the economy rather than suffer a major crash. It will be interesting to see how it all plays out. Even though the stock market is again flirting with record high numbers, that's exactly the time to be extremely watchful. For the same reason you don't want to buy an adjustable rate mortgage when rates are at all time lows, you don't want to buy into the stock market when it's at all time highs!
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TOPIC: Do You Invest In The Stock Market?