It seems to be that the latest irrational rush is now on the shorting side. All the amatures have watched TV shows repeating over and over again how bad things are - and that the DOW will crash soon. They are seeing all those smart previous shorts talk about how they took EBAY down half price in a month and made a fortune. Many of the articles (the fool letter, etc.) are truing to teach people how to short. The negative mood is persisting from the media trying to convince everyone for the past year or 2 how things are horrible under the Bush administration. Tarnishing all the positive developments and playing up the negatives (oil price and deficits). Well guess what - oil prices have peaked, The deficit will be brought down sooner or later (at least by political pressures), Bush is a strong leader and things are stable under him (despite what many of you might think - and please let's not make it a poliltcal discussion because I am a strong conservative and I am here for investment talk only). And in the mean time people are still looking at things with the dark glasses that the media has put on there eyes.
Soon we will be talking about the next presendial candidate - soon the talk will be about cutting the defifcit in half, and soon we will get in the Xmas season (EBAY: kaChing!).
So Longs - relax - take the day off.
i became conservative with age or the liberals became more screwy...not sure which. I think there are extremists on both sides of the argument. when forced to choose a side, i wound up morphing into a moderate conservative.
I get beat up everywhere. Old country, new country, familly and friends - everywhere :)
I think I will just write a book about true conservatism to vent off.
Everyone - please hold off any smart ass comments or insults. If you don't like me ignore me.