The original was on March 15, 2001:
Category: Digital Media, Financial Press, Really, really bad calls
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
On the radio this week, I’ve noticed a distinct change in tone when they cover “financial news” — definitely celebratory and citing “rising corporate profits” for “another record.” Drawing in the retail crowd, fer sure.
Interesting. What’s the call here, big selloff ahead or start of new secular Bull? That seems to be the big debate. CNBC had a 5th grader on this morning giving stock advice, what’s next shoeshine kid? Also earlier news on yahoo finance actress Mina Kunis moving from cash to stocks, it’s so easy! Color me contrarian
If you’re looking for media reporting some signs of the top? Look no further than:
US Ambassador at large, Dennis Rodman.
http://gawker.com/5990322/dennis-rodman-is-at-the-vatican-in-a-flower+printed-coat
And there’s Mila Kunis moving money out of cash and into stocks:
http://www.cnbc.com/id/100556937
Maybe its time to move some money out of stocks and into cash.
4 out of 4 comments so far all calling tops. If a majority of people are calling tops, it’s not the top.
I’ll tell you when it is the top. When zerohedge loses half it’s readers, start getting worried. When less than 20% of the comments are hating the US recovery, the USD, bernanke, then start getting worried.
For now, there are plenty of people still sitting on the sidelines waiting for the crash and spouting their zerohedge / Peter Schiff wisdom
The typesetting in that cartoon is cringe inducing.
Perhaps not a top yet, just getting frothy in the water. Don’t fire until you see the whites of their eyes. (or you could just fire and run for cover hoping to strike a mortal wound, which may be best in this circumstance).
Me thinks the Bulls doth protest too much. Any mention of a possible bear case brings an often anger tainted somewhat condescending rebuttal from the bulls on many internet market discussion sites. Not that any of this anecdotal stuff means much. But Investors Intel 18% bears makes me scratch my head a bit.
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