Source:
The Market’s Going to Crash: Here’s What to Buy
Henry Blodget
Yahoo Tech Ticker Jul 15, 2009
http://finance.yahoo.com/tech-ticker/article/281139/The-Market’s-Going-to-Crash-Here’s-What-to-Buy
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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July 16th, 2009 at 9:49 am
Gary was right an amazing amount of the time last year and I really started to pay attention to his stuff.
As for “it’s all one big trade”, we love that meme here. You’ve been reading TBP, eh Gary, admit it?
July 16th, 2009 at 10:37 am
Wow, I couldn’t agree more with basically every single thing he says here.
July 16th, 2009 at 1:26 pm
Very difficult for me to disagree with this. On clusterstock site they actually have gary’s 23 page slideshow about why he hates the stock market…..
July 16th, 2009 at 6:37 pm
For an interesting take on InvestTool sentiment, pop over to the original yahoo finance post of this video and read the comments. It is actually rather frightening. TBP, Zero Hedge and naked capitalism, it isn’t.
First of all, they are astonishingly, mindlessly stupid. Secondly, the commenters are almost overwhelmingly bullish. One can only assume that the posters are quite young and simply didn’t learn from last year when Gary was correct at almost every turn, including how long to hold on to long-dated Treasuries. The guy knows his stuff.