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Source:
Bear Days of August Might be Over, Says Barry Ritholtz
Stacy Curtin
Yahoo Tech Ticker Sep 02, 2010
http://finance.yahoo.com/tech-ticker/bear-days-of-august-might-be-over-says-barry-ritholtz-535389.html
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.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
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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September 3rd, 2010 at 9:52 am
The key words in that interview may have been the last – “if history holds”
Pick one:
- The most dangerous words in the English language are “this time it’s different”
- If past history was all there was to the game, the richest people would be librarians.
September 3rd, 2010 at 9:53 am
Why the modifier, “might?” You Prophets of the market always use those…lol
September 3rd, 2010 at 9:56 am
Read this:
Folly of Forecasting
http://www.thestreet.com/story/10226887/apprenticed-investor-the-folly-of-forecasting.html
I try to always put things into the context of probabilities, cause no one truly knows what the future holds. All we can do is express a probabalistic guess . . .
September 3rd, 2010 at 10:02 am
[...] I did a few Yahoo Tech Ticker videos with Henry Blodget on Wednesday (9/1/10), Readers have asked to be updated when these appear, so — you can see the vids here: • Bear Days of August Might be Over [...]
September 3rd, 2010 at 10:23 am
Barry,
“Folly of Forecasting” – excellent! Wonderful piece that should be required reading.
September 3rd, 2010 at 1:25 pm
Well Barry I’d venture that since it’s not gonna be August again before 11 more months (minus three days) have gone by, I fully agree with you: the bear days of August should be gone for a while ;-)
Cheers,
Marc
September 3rd, 2010 at 1:48 pm
I agree the Yahoo boards are a joke but no more so than the parade of fools CNBC highlights each and every day for the most part. I mean seriously, is the average hyperactive trader on Yahoo any less clueless than Cramer?