I go under the secret identity of RF. I have "voices" in my head that tell me to buy stocks. When I sell my positions, they immediately shoot up another 15%, just to play games with me. I can't explain, just follow and watch the mystery. I have been trading for 7 years and I hope you enjoy the blog, as well as get good ideas. I also invite your comments and views. Feel free to comment or e-mail me at trade247@gmail.com. All positions posted are taken by me in my personal account or account that I manage; however, are not investment recommendations. See disclaimer below. Thanks and enjoy!
I am still having a hard time believing the market has rebounded as quickly as it has since March! I mean we are still losing jobs, foreclosures are up 32% year over year (which is what got us in this mess to begin with), and obama is trying to sink this country into the most debt it has ever seen, and yet the SP is up 50%!
It is truly amazing how "expectations of the future" can be over bought in the present. It would be very interesting to see what Ben Graham would say about this surge. I know he would have been buying Ford back in late 2008 for sure!
RT - Ben Graham would have been "all-in" for sure. These were the cheap stock prices that he wrote abotu in the late 1930's and every financial expert said his book is irrelvant because shareholders would never see those prices again. The reason for there things is that private equity or management would step in, by the company or shares and make all the money. The interesting thing was that we had a credit crisis, so private equity and management couldn't borrow to buy anything LOL. I am pretty sure we will never see value like this ever again...EVER.
I miss the LVS dayz
ReplyDeleteI am still having a hard time believing the market has rebounded as quickly as it has since March! I mean we are still losing jobs, foreclosures are up 32% year over year (which is what got us in this mess to begin with), and obama is trying to sink this country into the most debt it has ever seen, and yet the SP is up 50%!
ReplyDeleteIt is truly amazing how "expectations of the future" can be over bought in the present. It would be very interesting to see what Ben Graham would say about this surge. I know he would have been buying Ford back in late 2008 for sure!
I also miss those days Dennis...
ReplyDeleteRT - Ben Graham would have been "all-in" for sure. These were the cheap stock prices that he wrote abotu in the late 1930's and every financial expert said his book is irrelvant because shareholders would never see those prices again. The reason for there things is that private equity or management would step in, by the company or shares and make all the money. The interesting thing was that we had a credit crisis, so private equity and management couldn't borrow to buy anything LOL. I am pretty sure we will never see value like this ever again...EVER.