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Crocs, Inc. Message Board

  • yessuhrd yessuhrd Feb 18, 2007 7:03 AM Flag

    PermaBears Have It Wrong in BARRON'S

    "Market Watch" M10 is the most cogent analysis of the current market that I have seen in quite a while. I recommend the current issue for a number of excellent articles, such as those on ERTS and Brown-Forman (Jack Daniels). Mark Thomas writes in "PermaBears" that the PB's rest their entire negative case on housing bringing down the consumer and therefore the stock market. "What these supposedly smart players do notundestand is the true mission of the Fed is to keep people making their loan payments./ This market defies skeptical pros and especially, in investors who are so scared of the market after their 2000-02 experience, they are only about halfway back in now. This built-in sketicism is what continues to allow this market to drift up to its fair value with little volatility. The fact that all these investors keep waiting for a dip to buy and don't 'get it' will eventually cause them to flood the market when they can't take it anymore. When that finally happens and sotcks becfome giddy and overvalued, we will sell and wait for a pu8llback. Right now I think that will occur around April 15." --Value Stock

8.35-0.30(-3.47%)Apr 29 4:00 PMEDT