Jeremy Grantham: The Sucker's Rally Is Almost Over

You Got it Right BooBoo // All The Rich People that Bought Gazillion of stocks when the Market fell to 6500 and bought cheap are going to unload and make mega $$$$$$$ for Christmas Time so you little fishes better beware and sell before this happens unless you want to loose your A$$

OK, this story ought to bring'm out of the woodwork ... Let the games begin!!!!!

The best regulatory reform for Wall St. would be to replace most of Congress. No Senator should be in office more than 2 terms (12 years) and no Congressmen/women should be in office more than 3 terms (6 years) otherwise they do too much harm to us all. VOTE OUT the INCUMBENTS in 2010..

Cant argue with much of this, except for "treading sideways". Once the free fall starts, most investors will be scared out again, govt money will be dried up and we will be looking at a tumble much larger than 20%. I would say revisiting lows is almost a certainty.

So the fact that the fundamentals have not been in place for this rally it is just a manipulated hope rally with mostly taxpayer bailout money pumping it. There's nothing knew the offspring of the Robber Barons are still in place on Wall St. I ride the trend as a trader but it would be nice to have a market as an investment vehicle and not just a traders tool.

Govt money won't dry up -- they will just turn on the printing press again!

Finally I find someone that is as smart as I am. When the rally started I kept telling people this is only for a quick profit for those with "real" money. Stores going out of business, more people being laid off, those being hired are hired at a fraction of what the last generation was paid, homes being foreclosed on at record rates...and the market keeps going up???? Don't be a sucker!!! Get out while the getting is still good. Who knows...if you get out now maybe the "big" guys will get caught short and actually lose money.

I agree with Terry--Vote the incumbants out and let them go find a real job--Get in line with the rest of us!!

I don't know, I know there are a lot of conspiracy theories out there, but I am not seeing where the market takes a dive. In July, all these pundits said wait until October when we can see if the earnings reflect growth on sales versus cost-cutting. Well, the numbers are still from cost-cutting unless you are a selected bank where you got your Christmas present early from Congress... Transportation came out piss-poor and retail already fell on their sword and called the seasonal holidays a bust.... We also see where government influence has helped manufacturing and real estate, but it's gone from manufacturing and may be gone for real estate. This all means the recovery is not a recovery... but, I only minored in economics soooooo and do not have that coveted poli-sci degree.... You do the math on your own.... Me, I'm believing selected hedge funds are getting financial support to keep the market up because this is the ONLY good news available. When companies say .... "...they expect sales to improve next quarter..." ... it means things aren't looking good and they are trying to paint a rosey picture for their shareholders so they don't dumped the stock.... anyone hear any news about corp execs actually buying their company's stock???? Think about it....

We are not overbought. Stocks are just now approaching their 52 week highs; comps are improving; revenues have bottomed and earnings are improving. Let the fear mongers, book promoters & hedge guys give us a scary Halloween. We may get a 5 - 10% correction linked to end-of-year profit taking/portfolio balancing.

Here's some more data for your math calculations --- Steel took another shit and came back with "... production and shipments rose significantly from the previous quarter ..." ... Again, not saying anything about anything ... just pointing out the obvious... Railroads came out last week and stated shipments were down over 20% ... The major railroads also stated they were very "cautious" to predict anything for the future because it was not looking good. You can check this all out yourselves because the truth is important. Now, you have the Steel CEO saying he sees goodness on the horizon. Check to see if this Dude bought any of his corp's stock. Check to see what "significant" means. Check to see what percentage of laid-off workers were brought back. Check to see the available steel inventories. Check to see the steel import tonnage. OR, allow these people to provide your information to you and allow them to influence your investment direction. Me, I like looking at tangibles and actually seeing the numbers. I listen to the corp exec's and weigh their comments against the numbers. You see, when you have people talking up the market, there is no substance behind it. That's a house of cards. You had better hope no one opens the door or window.... But, hey, like I said, it's your money and your future.

Tex ... where are the "earnings improving"? Let's qualify this as saying earnings improved on "sales revenues" sans cost-cutting.

To Thomas, the only CEOs buying stock are those heading regional banks. Wall Street and the largest banks have heavy regulation coming while regional banks keep chugging away at the same safe loan portfolios they always have.

right after barack hussein obama gets off the golf course, he is going to fix this market thingy...mmm mmm mmm

What goes up, must come down eventually....playing the game. I do agree with voting out what is empowered now.....the elections will be upon us. Afterall, the ones in office now have their future secured with their retirement package, health insurance, etc...and besides they are all multi-millionaires. Look at the backgrounds of some of these elected officials....

The market going sideways for 7 years? You must be joking. Other nations want to dump their T bills and are getting together to form a new reserve currency. That wont take 7 years. Could be less than 7 months. After all, the man is not impartial, he is part of the system.

Government Sachs will surely push this market to Dow 11,000 before it's over. Not sure if it will be before year-end or first six months of 2010, but as Thomas said, the increasing stock market is about the only good news out there. And the most easily manipulated when the Federal Government, with unlimited money, and Goldman Sachs and friends controlling the puppet strings of Treasury and Federal Reserve officials, work together to pump up this market. Remember, even though most Americans have little exposure to stocks, this generation was raised to believe that the stock market is the ultimate leading indicator, is perfectly efficient, and is the best predictor of the future.

Stop trying to predict the market and just follow the trend like the PROS: www.originalturtletrader.com ============ I tried turtletrader, and as a consequence live in a cardboard box. Its crowded with the dog and cat.

I agree with Terry and Danny--Vote the incumbants out. They are now just working for themself instead of American public.

That guys is a clown. Your a sucker if you didn't buy this year.