yeah i got caught up in the FB buzz and bought some.
AFTERWORD, MAY 23: Sing along, "Morgan Stanley, scumbag worm-meat idiots."
Yep, the public got burned. If you are unhappy about it call your broker & register a trade dispute regarding the fact that there was no public disclosure by MS et al. on the downward revision of earnings by FB. Only extremely large (institutional for instance) investors were made aware of the downward revision, leaving the public at risk. The big shots will always try to get over. Let's make them pay this time. The big shots were selling short and pocketing your money. Again, again and again the banks are trying to cause another debacle before their last one is even over. For high paid guys they ain't smart.
WORD AFTER AFTERWORD, MAY 27: Well, even though Morgan Stanley has agreed to make their investors well (APPARENTLY AS A GOOD WILL SINCE MS did nothing wrong), it seems that protocol is not passed on to other houses. So that leaves class action litigation. Boo Hoo.
Should you sell, buy more, or go blind? None of my business, but my business is that I want full disclosure before I purchase anything. Do I still believe in FB? Doesn't matter. Right now I want my money back so that I can make a informed decision.
VISIT MY WEBSITE HERE
Friday, May 18, 2012
Thursday, May 17, 2012
My Pants on Fire
On 5/10/12 I was Liar Liar!
Before I get started, go read "Has Altria Become the Perfect Stock?" in the Motley Fool (Oct. 2011). Altria is.
Oh things have reversed since my last article. Our lowest point now is after the sell-off in the last few hours of trading. BAD SIGN-NO REBOUND THROUGH THE DAY'S TRADING. Bad sign, "I been down since I begin to crawl". Be afraid now.
Hey, it's still generally easy & true: Buy in October, sell in May. A few years may vary but you're making money that way. In a flat market making money is good. You can do it with stocks if you are willing to pay commissions. Commissions aren't very much at many reputable brokerage houses with online access. However, your mutual fund company won't let you buy & sell into their money market (if they even offer that option). They call that market timing and claim that it affects investors too much. Bull-it affects CEO's paychecks and guarantees. Go ahead and try it. Buy your mutual funds in October and sell them into the safer (American Funds, who I happen to like, or whatever) mutual fund's money market in May. Then rebuy the same equity funds in October again. There is no law against it. Your mutual fund company will tell you that they don't need your business very soon.
Buy and hold. It works for American Funds but not for you. Investing isn't about the investor's well-being. If it was about you, fundamental and competent market timing would be allowed and encouraged.
visit my website
Before I get started, go read "Has Altria Become the Perfect Stock?" in the Motley Fool (Oct. 2011). Altria is.
Oh things have reversed since my last article. Our lowest point now is after the sell-off in the last few hours of trading. BAD SIGN-NO REBOUND THROUGH THE DAY'S TRADING. Bad sign, "I been down since I begin to crawl". Be afraid now.
Hey, it's still generally easy & true: Buy in October, sell in May. A few years may vary but you're making money that way. In a flat market making money is good. You can do it with stocks if you are willing to pay commissions. Commissions aren't very much at many reputable brokerage houses with online access. However, your mutual fund company won't let you buy & sell into their money market (if they even offer that option). They call that market timing and claim that it affects investors too much. Bull-it affects CEO's paychecks and guarantees. Go ahead and try it. Buy your mutual funds in October and sell them into the safer (American Funds, who I happen to like, or whatever) mutual fund's money market in May. Then rebuy the same equity funds in October again. There is no law against it. Your mutual fund company will tell you that they don't need your business very soon.
Buy and hold. It works for American Funds but not for you. Investing isn't about the investor's well-being. If it was about you, fundamental and competent market timing would be allowed and encouraged.
visit my website
Thursday, May 10, 2012
It's the Stupid Economy
The election is about the economy?
The economy is irrelevant in the election I say.
You deal with, not dictate, the economy as it happens as President.
To try to anticipate an economic direction, especially that of a "World Economy" is fruitless for President O. or R. or G. or Q. and also is fruitless for the investor.
We currently have no problem investors, even in this May (normal) downturn. Watch the pattern here. The low point is at the open or soon thereafter. Bulls still in charge for now. Stay the course if you're in and don't bet against an election year market.
I'm so Independent I don't care which of these practically powerless guys wins. Mr. Market loves gridlock so...
CEOs run the economy stupid! Everyone else reacts!
The economy is irrelevant in the election I say.
You deal with, not dictate, the economy as it happens as President.
To try to anticipate an economic direction, especially that of a "World Economy" is fruitless for President O. or R. or G. or Q. and also is fruitless for the investor.
We currently have no problem investors, even in this May (normal) downturn. Watch the pattern here. The low point is at the open or soon thereafter. Bulls still in charge for now. Stay the course if you're in and don't bet against an election year market.
I'm so Independent I don't care which of these practically powerless guys wins. Mr. Market loves gridlock so...
CEOs run the economy stupid! Everyone else reacts!
Subscribe to:
Posts (Atom)
