Monday, September 18, 2006

Thanks + Ben's comment

tom lloyd has left a new comment on your post "Whee ( ! ! )":

Your progam on PBS is one of the best "think" programs on the air. Instead of learning from you, CBS has created "news-lite" with Katy. I am waiting for the lead story to be human interest and that is probably when they pull her off the air and bring in someone like you.

Anyway we don't want you to fall into the category of the Bull appearing on Time's cover, a sure sign the market is about to crash. Even with the DJIA doing well, the Nasdaq is in a bear market and could very well be leading the Dow and the S&P500 down. We are at a tricky juncture this Oct. It is always best to be a contrarian when it comes to the market. "Buy low, sell high." Or "Buy when the blood is running in the Street." At least wait until after October to see how much blood is running! Of course with a 401k you don't have much choice. That cushions the downturns because the money keeps pouring into the market, even in a Bear market. Not like the old days when people went to cash in a Bear market.

Ben's response to Tom:

With all due respect, I don't think anyone knows why or when the Markets go up, down or side-ways.

But the idea that the various indices are inching up to a (non-price adjusted) all-time high when the wheels are flying off all over the the world, is a Big Buy Big Bang signal.

I am not a professional market analyst, but I know what I know. I think.


Bullish Ben

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Posted by tom lloyd to Wattenblog at 9/18/2006 12:13:34 PM


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