Tuesday, December 29, 2009, 6:09PM ET - U.S. Markets Closed.
Of course, it's not the news that matters as much as the market's reaction to the news and, so far at least, the damage is relatively minor.
But don't expect cool, calm and collected to characterize 2009 according to Todd Harrison, CEO of Minyanville.com.
"My sense for 2009 is that -- all else being equal -- we'll see wild movements and a wide range, perhaps with S&P 600 as a nadir and one (if not two) 20% bear market rallies filled with false hope and empty promises," he writes in an outlook piece for the New Year.
In the accompanying video, taped just as the Wal-Mart warning was hitting the wires, Harrison discusses his "10 Themes for 2009," including:
Its all rigged people. Obama is a fraud! Buy physical gold & silver now!!
the only thing we have to fear is..........people on wall street dictating values to us !
Whenever loan money is available to people who can't afford to pay it back, for items not worth what they paid for them (houses) and items they could not afford in the first place (and bought on in-store credit or credit cards).... the market will ballon again. The trick is to figure out how to write-off all the money that will never be paid back or flat out evaporated from the last round. Will 2009 be better that 2008? It better be. Last year we were down 40%.... biggest drop since the great depression, right?... down another 20 or 30% would be better, right ;-) Talking heads.... gotta love them.
THIS IS THE STOCK THAT I ADD TO MY PORTFOLIO,THIS STOCK IS ANOTHER WINNER THIS YEAR DIAGEO.......A MAKER OF SCOTH WHISKY, GIN,BRANDY,VODKA,RUM,BEER,AND ALL WINE.........IT IS WORLD CLASS BRAND ACCORDING TO MY RESEARCH..........THE MAKER OF HAPPINESS IS SURE WINNER WITH RECESSION WITH-OUT RECESSION,WITH DEPRESSION STILL THE PEOPLE LOVE IT AND BUY IT NO MATTER WHAT THE SITUATION.....ASK YOUR BROKER..........IF I AM WRONG........IF I AM RIGHT ...........BUY.....BONANZA......
Todd! Great to see you here. Good thing Aaron shaved that Romulan facial hair he had going, eh? Mr. Harrison knows what he is talking about, and I have heard similar advise from others who have been right the past several years. I wish I had a million or two to play with; I'll have to enjoy it as much as I can. Cheers!
This article is really just a round-about way of saying the dollar will weaken.
S&P going to 400. Don't believe me? Open a chart from 1950 til now (Yahoo max will do this). Draw a trend line.
Too bad there aren't any crack-producing companies on the stock market. Johnny Ike would be heavily into those as well. I don't know if it would be a conflict of interest though with him smoking so much of it.
You should wear Happy Colors...That's the ticket..
I earned a 10.3% return on my 401k in 2008. Went to cash in June and bought at the bottoms in October and Novermber. Sold out back to cash at the end of December. Waiting for another test of market lows and I'll buy back in. Buy and hold is for suckers these days.
Cash is king.. America...we sold off and gave away our industry and jobs to every country. Good old B. Gates and the other liberal fat cats also will give billions to other countries to buy their way into heaven - as they couldn't give a dam about Americans who suffer. The only industry America has now is financial - the shell games continue to reap greasy hedge fund managers and white collar criminals billions. But then, they are slowly being exposed out for what they are - criminals. So when will Madoff go to prison? NEVER. He has too much money.
JOHNNY IKE ITS TIME FOR YOU TO TAKE A HIKE..... PLEASE DO SO, YOU NEED TO RE-ENROLL AND INVEST IN ELEMENTARY EDUCATION....and stay off the bottle.! it's for your own good and your family. FOR ALL OTHER INVESTORS,.....HOW''S THE DOLLAR STORE STOCKS DOING????ANYONE FOLLOW THEM??? THANK YOU!
One thing that always bugs me is that the media sounds like they were vaccinated with a phonograph needle! They simply love to scare people and fear monger because they just get a woody doing that. They're not "informing", they're just scaring-period! We KNOW we're in a recession, we KNOW things are going to be crazy for a few months, and as much as we'd all love the recovery to start kicking in "yesterday", it's going to take a while for the system to start absorbing things like the stimulus package (in whatever form it turns out to be) to start the recovery process. Even our next President (who I do firmly believe in, by the way) promises he'll get things moving again, but-"It isn't going to happen overnight," as he says. The media, etc. needs to stop sounding like a friggin' broken record and drilling the same old downer news over and over again!!
There is so much more to the current crisis than anyone like Paulson would ever disclose to the American people. Why for example did the banks all go bankrupt? They were holding mortages but there was real estate backing those mortages. Sell the real estate at a forclosure sale and the bank has money. The banks are acting like the real estate was a total loss. Then, there is this hidden fact that the banks were borrowing money to write the mortgages. Usually banks use depositors money to loan out as mortages. This banks borrowing from other banks etc...is like a chain letter. Why did Paulson give the money to banks to loan out to other banks? Banks should get back into the banking business and learn how to make money from banking. The system that has been created can't be sustained unless the US government keeps supplying the money to the banks forever. And back to my original question, what is the bank doing with the money from foreclosures? The banks are no better than Bernie Madoff. Ask Mr. Paulson when will the taxpayer will get the money back? Never.
Invest in Japanese stocks? That is a crazy idea. Maybe invest in the Yen but stocks? No way jose.
People!!! Please!!! Try this for ones. Have you ever heard a real estate agent say "Its not a good time to buy"? and just listen to all this financial advisors, "The economy will rebound in 3 to 6 months" and its been over one year now AND GETTING WORSE EACH DAY!. Why do they do this to people. Our economy though it's very strong does not mean much if don't believe in it. We are basically living in our grand parents success not ours. Bring back the days Made in U.S.A.. Start buying American for starter cars, it may be little bit more, but it's also for us. Everything is made in China and if you look at it world wide Chinese are the majority of vendors, from Asia, Africa, Central America, and south America. United States be careful...
It's not too cold down South but I don't see any scooters here either. I do see lots of SUV's. What people say and even know they should do and what they actually do don't always match up.
My broker said, the USO short sale was higher on today. Where can we verify the information?
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carls - Thursday January 08, 2009 12:26PM EST
These talking heads do not have a clue. Look at 2007 predictions for 2008....