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TranceAddict Investors Club @ Marketocracy (pg. 138)
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| Krypton |
| quote: | Originally posted by Shakka
So how do you square that with your algo telling you it's a strong buy? Clearly you must also be bringing in other factors into your analysis that your spreadsheet can't account for? |
The algo is purely quantitative. The qualitative factors aren't accounted for. Quantitatively, GRMN is awesome. Qualitatively, they'r not. |
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| mndeg |
goldman sachs says be careful here, so this tells me that you should temporarily be long right now rally probably still has legs.
but dow 4-5k is still inevitable
i'm trading futures now |
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| Krypton |
This is an estimation of market values for the first trading day of 2010, essentially a 1 year target price estimate...
You guys can use this calculator too. Here is the direct download link...
[[ LINK REMOVED ]]
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| mndeg |
| no way will the dow jones be above 7168 by 2010 |
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| Capitalizt |
| We haven't had the "OMG THE WORLD IS COMING TO AN END" capitulation that usually signals the true bottom in a bear market. I'd be wary of buying for the long term until that happens. We need a giant picture of a bear on the cover of Time magazine and Newsweek (contrary indicator) before I say the bottom is in. ;) |
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| Krypton |
| quote: | Originally posted by Capitalizt
We haven't had the "OMG THE WORLD IS COMING TO AN END" capitulation that usually signals the true bottom in a bear market. I'd be wary of buying for the long term until that happens. We need a giant picture of a bear on the cover of Time magazine and Newsweek (contrary indicator) before I say the bottom is in. ;) |
Buy when there is blood on the streets. -Baron Phillipe Rothschild
There is plenty of blood on the streets. Madoff, auto industry, bailouts, AIG... |
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| Krypton |
| So the CEO of GM steps down. |
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| Capitalizt |
after the president asks him to. The course we are on is so feckin dangerous..I'm tellin ya krypt..
In other news, government is guaranteeing all warranties from Chrysler and GM. I wonder when the rest of the car manufacturers will demand government guarantees as well? What industry is next?
| quote: |
....GOVERNMENT WARRANTY
It is my hope that the steps I am announcing today will go a long way towards answering many of the questions people may have about the future of GM and Chrysler. But just in case there are still nagging doubts, let me say it as plainly as I can -- if you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired, just like always. Your warrantee will be safe.
In fact, it will be safer than it's ever been. Because starting today, the United States government will stand behind your warrantee. - Barack Obama
http://uk.news.yahoo.com/22/2009033...sb-03c9bed.html |
[/quote]
:rolleyes::rolleyes: :rolleyes: |
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| Krypton |
| Yep, let's let the entire system fold in on itself. |
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| Capitalizt |
nah, just the losers who don't deserve to survive.
better than doing this with your future earnings..
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| Krypton |
| quote: | Originally posted by Capitalizt
nah, just the losers who don't deserve to survive.
better than doing this with your future earnings.. |
You do realize that the likes of AIG and Citigroup hold all of us hostage in the event of their downfall don't you? A firm with 1 trillion plus in assets doesn't fall lightly. |
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| Capitalizt |
Yeah I realize it will be a real storm if they collapsed krypt, believe me..but that's the price we must pay for our stupidity. Decades of excess can't be unwound without any pain.. We're going to have to take our medicine one day...and I'd just prefer to get it of the way now. Accept the pain and pick up the pieces when the dust clears..rather than propping up a crumbling edifice with endless amounts of debt.
We are already more than $11 trillion in the hole and according to CBO estimates the debt will increase another $9 trillion over the next decade (this of course assumes the fed will be paid back every penny of the trillions it has lent out). This means we hit $20 trillion+ just as the majority of baby boomers retire and start draining the coffers of the treasury even further.. Something's gotta give. The government can't save everyone and everything today. We need to reign in our belt and start practicing a little fiscal sanity unless we want to be paying seniors with notes worth less than toilet paper. |
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