Originally posted by ghostlandseller
Yeah because so far nothing has happened right? were all jsut completely wrong. Because im pretty sure we lost one fourth of the worlds entire stock
market value in just a week. thats not deserving of any negative speculation.
Actually, nothing much has happened. Just your normal hysterical and panic based selling. It happens every few years - in 2001-2002, early 1990s,
1987, late 1970s - interestingly, NONE of those times did it cause economic armageddon. The 1987 events did cause a recession, though.
Hysteria and panic based selling just move money from the poor to the rich. The 401k and IRA investors sell on emotion and panic and buy high, then
sell low. The hedge funds move in to pick up deals and buy low, sell high.
Originally posted by ghostlandseller
COME ON. We got royally screwed this last week. theres as much of a reason to expect the same thing to happen next week also.
No, no we didn't. The DOW is not a indicator of the health of the economy and never has been. The markets sell off and media fuels the hysteria, it
happens every few years.
Originally posted by ghostlandseller
I would say any day last week that someone predicted, or deducted is a better term, anything was pretty much dead on. Because every day last week was
very huge and very abnormal.
No, actually, they were not. Every day last week all the predictions I saw were for economic collapse, great depression, etc. - all within 48 hours,
mind you. Markets selling off is not abnormal, its quite normal.
Originally posted by ghostlandseller
And Cramer isn't a fortune teller, theres no reason to do what he says. He is jsut giving his insight on certain stocks. he i just in essence a
translator for the average Investors. He takes technical confusing information and finance talk, and makes it simple for the average middle aged
investor who is investing for their retirement. thats his target audience. He knows what he is talking about, he has his head inside the gut of the
finance system everyday. i don't personally watch him because he doesn't really discuss anything that isn't already apparent for someone who really
fallows the market attentively.
Cramer is a good litmus test for the sheep market sentiment. As the sheep are always a lagging indicator (they get the information last, after all),
by the time Cramer is stirring panic it means its time to buy. When Cramer is screaming to buy, its time to sell off.
Right on. 
