This site is way too optimistic, even for me :) .
Selling half my RIMM near $106 because there are just too few bears (at least on this site) and the 6 points I made so far in a market that will go nowhere is good!
RIMM is the best product in the world and has much more upside, but seems too crowded based on the feedback of the SMART readers on this blog.
I am optimistic, but the tape sucks. In a bad tape, any whiff of negative news sends the averages down 1 percent. Stay in the game and do less.
It will get better.
Will it ‘really’ get better?
Right now we are in denial mode. On the precipice – one strong gust and down we go.
Stephen Roach:
http://tinyurl.com/ypvy5e
‘This recession will be deeper than the shallow contraction earlier in this decade. The dot-com-led downturn was set off by a collapse in business capital spending, which at its peak in 2000 accounted for only 13 percent of the country’s gross domestic product. The current recession is all about the coming capitulation of the American consumer – whose spending now accounts for a record 72 percent of G.D.P.’
just wrote a blog post dealing with this roach nonsense.
aaron…please.
roach has been wrong about the economy and the market for the past 4 years. he has predicted 12 of the last 0 recessions. he missed a 100% move in the sp500. he is as good a case as the too smart by half pessimist as there is. didnt they send his ass to china bc he has been predicting the end of chinese growth since b4 the ming dynasty… im pretty sure about it… he’ll probably be the first to jump up when asia finally cracks screaming see look i told u so… just like shiller who was only 4 yrs early on the naz… fucking economists
RIMM earnings – OY!
thx bill