Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev | Next
Author: stillwater9999 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 213747  
Subject: Re: Looking for a ray of light Date: 11/15/2008 1:10 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
I agree with your comments on Fast Money but still enjoy watching the craziness of the show. Jeff Macke while obnoxious can still be occasinally entertaining. Macke seems to be a puzzlment of logical inconsistency:

- he contends that you should not buy now since there will be plenty of time to enter the bull market. "It doesn't matter if you miss the first 10%." But then he says that if you buy 10% rallies you are doing exactly the opposite of what you should be doing. So apparently 10% is not the magic number, but then what is???

- he stated boldly on Friday that the previous Oct. 10 bottom would be decisely challenged - we will go signficanly lower. But then one of his stated strategies is to own SDS (shorting the S&P 500) and then sell these when the market gets close to the Oct. 10 low. Such inconsistency.

- my guess at some point he will be shorting when the real rise upward starts and he will miss out on the first 30-40%.

Even Finerman who seems to be fundamentally based and has been openly critical of TA, stated recently that the "price action" of GS was indicating something was wrong. So much for fundamentals...


sw
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Apple

Wal-Mart Nixes Apple Pay
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement