Fri, Oct 24, 2014, 1:08 PM EDT - U.S. Markets close in 2 hrs 52 mins

Recent

% | $
Quotes you view appear here for quick access.

EMC Corporation Message Board

  • hosedraggers hosedraggers Jan 17, 2008 10:15 AM Flag

    Have you noticed..........

    Every time Bernanke or Bush get on the TV and talk abut the economy our markets crash. If they aren't going to do anything I would just as well appreciate if they did not get on TV. The people already know that the economy sucks................

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yes !!

      Live to fight another day.

      The only thing I have found that helps me make money ( now don't laugh ) is the charts.

      The reason they work is that BIG money uses them, they are a visual set of rules you might say, if enough big money uses them they become a self fulfilling prophecy ! It's also a graphical representation of what big money is doing and they and their big money is what drives the markets ! Big money can't hide from the charts.

    • BYE BYE BYE

    • Hi HB,
      I remember Joe Granville etc. The " circus tent barkers ".

      Just when folks have it all figured out as in riding this current bull market up with ease the market turns and they start giving it back, not realizing the start of a bear market etc. The continue to use the same old strategy because it's all they know. Operating with blinders on.

      Then there are the folks , like you say, know too much. The ones that have bought into the stuff they've seen on TV or heard in the easy money seminars, those folks have to unlearn all of those misconceptions and try to start with a blank sheet of paper. It's difficult for us or anyone to overcome that hype that lives in their heads !

      If they won't listen to us, I doubt they'll " listen to the market " !!! If it doesn't go their way as you have seen, they blame the market !!

    • [HB,
      My " friend " did the same thing, ignored everything I tried to teach him and went on to lose all. With very little knowledge " he had it all figured out ". Like handing a 2 year old a loaded gtun.


      Very interesting and very common !!!

      We could write books on this subject couldn't we.

      A person has to take himself OUT of the equation and not really care ( have no emotional stake in the outcome ) what happens as long as his analysis is close enough to kake money !

      The market IS NEVER WRONG :>) Or I might add, the market is never RIGHT , it's just what it is .
      ]

      Agreed totally. There are two groups of wrong doers in the market. One is not teachable while the other is too teachable. The non-teachable kind we just discussed. The too teachable kind is just that, non-thinkers. They follow the super stars, which I don't need to name names, without thinking.

      The problem with these people is that they think they have found the safety net, but they really haven't. The misconception about following star picks is that they follow their picks, but not the way to do the pickings. That is just a terrible tragedies to too many family's financial fortunes.

    • HB,
      My " friend " did the same thing, ignored everything I tried to teach him and went on to lose all. With very little knowledge " he had it all figured out ". Like handing a 2 year old a loaded gtun.


      Very interesting and very common !!!

      We could write books on this subject couldn't we.

      A person has to take himself OUT of the equation and not really care ( have no emotional stake in the outcome ) what happens as long as his analysis is close enough to kake money !

      The market IS NEVER WRONG :>) Or I might add, the market is never RIGHT , it's just what it is .

    • Not many people can "LEARN". My co-worker also is interested in the market. He came to me and ask questions and I showed hime what I knew. He then did the complete in contrast to what I said. It was because he had already formulated his own opinion before asking.

      He got washed out in no time by getting into microcaps. He got mad at the maket, and he got mad at me.

      He keeps saying he is right to this day and the market is plain stupid.

    • Hose,
      If you live in a city that has a junior college here are a few courses there would be very helpful.

      Like Econ-101, a couple of accounting classes and 2 classes in the philosophy department, Inductive and deductive reasoning, I find that I have benefited from those courses all of my life, not to mention all the other courses. It could also help you get promoted in the fire department, employers always like to see people bettering THEMSELVES, even if the courses are unrelated to their jobs.

    • Funny. I have that Merrill Lynch photocopy too. Mine is from 10 yrs ago.

      There's really nothing in it that's very special. Just explains the layout of the Balance Sheet, Income Statement and Cash Flow statement and briefly discusses the importance and interconnections between the 3. It does not go into the importance of footnotes which is where most of the actual meat gets hidden.

      All this information should be available in any basic business finance college text rentable from your local library.

    • You're welcome.

      Merrill Lynch gave the seminar and wrote the "how to". It's just photocopy papers. Try googling "how to read financial report," or go to wikipedia and search 'financial report'. Otherwise I honestly don't know a book, though there must be many out there.

      H

    • Hose,

      Did you check any books yet ?

 
EMC
27.93+0.23(+0.83%)1:08 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.