Fools can make money. A lot of dumb people make a lot of money in life . Even in the markets fools can make money (especially if they are a mutual fund manager ), as for tarders as long as they have good money mgmt they can be OK but most don't last long. As for the market wait until tomorrow.
Sometimes I think that smart people can't make money because they trade 2 years into the future, and then finally capitulate.
Hi Kicking, I suspect that tarders is a typo, you didn't mean to add "re" to the beginning did you? On another note, the correct position to take can be very different for each speculator depending on the time frame that they work in. 1. Long 2. Short 3. On the sidelines There was a thread titled "Time to short " last week, it died out as they very obviously had a new arsehole ripped for them by the market. As is normally the case it's unwise to speak about the markets in absolutes! Regards Johno
under 5%? not gonna happen, but the economy and stock market will thrive with 8-10% unemployment because that's the new normal. We need fewer jobs and more efficiency.
70% of our economy comes from consumer spending. With fewer doing the spending, the DOW won't be breaking any highs. And how are we going to feed Congress' spending spree? Yeah, we'll be just another bunch of Europeans. There won't be anymore American imperialism!
Everyday is a good day for the bulls. I am taking profits everyday. When the decline finally comes, it will not drop far enough for the bears to recoup losses. And by then I would be flat. SPX hits 1000. You think the trillions of dollars in cash will start jumping in now?