RSSHow can the markets go any lower?
Jan 16
I don’t know, but it sure looks like the markets are headed further down. Some good links from the Kirk Report:
This downward action still confuses me, as I can’t understand why everyone doesn’t already have an extremely negative outlook. I’m still waiting for some confidence that the floor is done falling out beneath us so I can start investing again.
Jan 16, 2009 @ 09:24:04
Remember that there are a lot of people who benefit from projecting the impression of weak markets and spreading panic. The people swooping in to buy up the good deals won’t tell you they’re doing that until after they’re done and there’s nothing but scraps left for you.
Don’t get your financial news from CNN. News networks have 24 hours to fill, and they know that fear sells news. If you’re scared, you spend more time huddled around a TV waiting for updates. Ratings drop when there’s only good news to report. So CNN benefits from extending and exaggerating the economic crisis.
I’m not saying there isn’t a crisis. I’m just saying gas is down, interest rates are down, and my investments are up for the first time in 2 years.
Jan 16, 2009 @ 09:59:09
What recession?
http://www.portfolio.com/executives/features/2009/01/07/John-Paulson-Profits-in-Downturn