If Wallstrip’s stock shows were and index, we would be gathering assets like crazy. We are on fire. It just so happens that trend following and momentum investing are red hot these days. It WON’T last, I just won’t or can’t predict when it will end. You enjoy the ride and be responsible booking partial profits along the way and moving your stop prices slowly upward.
Tomorrow on Wallstrip, Lindsay is hitting the street for New Yorker’s best stock picks. In this market, the average New Yorker will hit a homerun. Too bad they hate the market and only 5 percent of the individuals asked would offer a tip.
The TAKEAWAY – This market is so NOT 1999. I would be all over IPO’s if I had any pull.
Just like our Google show exposed “man on the street” hatred of Google’s run $40 ago, this show exposes “man on the street” indifference to todays’ market and stocks in general.
In 1999, we would have had people screaming stock picks at Lindsay. TODAY – I heard some 30 year old say Pfizer, I heard a postman say the market was for “Mugs”, I heard Time Warner and I heard Google’s stock had SLOWED (earth to PUTZ…come in)!. Triple Lindy Yawner!
Flashback to 1999 and Lindsay would have been bombarded with stock picks and the postman would have been on the phone with his broker! Instead of telling her to marry rich, she would have gotten three proposals :).
Today, they told her to BUY REAL ESTATE.
Don’t even ask me how fast I would be hitting the bid on New York real estate right now (if I owned any :) ).
PS – No wonder CNBC’s ratings and advertising dollars are in the toilet, likely never to return.
Disclosure – LONG America (for now).
I miss the hot stock giver outer:
http://www.theradreport.com/wp-content/uploads/2006/09/mr_hot_stock_tip_giver_outer.mp3
Real Estate- are you sure that is what they said. I have been buying stocks fro the last few months. I always get it wrong!!!
Eddie, that is the funniest .mp3 I have ever heard.
Howard did you read the wsj article about how skepticism is fueling the rally? A lot of FMs have been on the sidelines but the latest 13Ds show investments made in stocks, especially tech ones.
Dont trust the suite or the postam
stocks :)
avoid, PFE, TWX :)
I meant the suits or the postman
Hmm. There were a lot of people in suits, aka the professionals, who were long Real Estate.
Hmm, maybe I should re-evaluate my stance on RE. Hmm.
They might be influenced by Kiyosaki and all the other real estate “gurus”. Yes, “gurus” as a lot of them are dubious hacks whose main source of income isn’t investing but the $900 seminar tickets they sell.
She says leech as if there’s something wrong with it. (..sniff…)
Tom, put an IT at the end of RE and you’ve got something worth looking at. Totally unaffected by the housing boom.
Bill,
Yeah REITS are hitting an all time high. NJ is building and opening new strip malls everywhere. On my drive home I pass 3 new commercial developments that have gone up with the past 6 months.
Jo: I always wanted to start a trading seminar and charge $1000 for it. The problem is, what would I trade it for? lol.
market needs way more love before we get a real top.
A real fast selloof would be sweet. prices are getting away.
Stock tips aside, today’s episode featured more dudes running away from a beautiful girl I’ve seen in my whole life. Strange.
Have a great holiday weekend Howard!
Nice site actually. Gone to my favourites. Thanks for creation.