Yet more evidence of the idiocy of media financial pundits

Gregg

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I think it was Will Rogers who said something like:

Making money in the stock market is easy. Buy a stock and when it goes up, sell it. If it doesn't go up, don't buy it.


Much of current financial advice, especially from the media, is about as useful.
 
benbradley

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That's it, I'm going to write my own daily analysis of the Dow Jones Industrials index, occasionally mentioning NASDAQ, ESPN, ISDN and other entities important to the world of finance. In no time I'll have many followers and get hired by some big news source to write exclusively for them.
 

blacbird

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benbradley said:
That's it, I'm going to write my own daily analysis of the Dow Jones Industrials index, occasionally mentioning NASDAQ, ESPN, ISDN and other entities important to the world of finance. In no time I'll have many followers and get hired by some big news source to write exclusively for them.
Click to expand...

Which is how to make money in the stock market.

caw
 
Williebee

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"Yesterday the Dow was hungry, so it ate a cheeseburger. Some people believe that tomorrow it's going to want fries."

In the words of Lou Costello: "Same as you! Same as you!"
 

clintl

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Gregg said:
I think it was Will Rogers who said something like:

Making money in the stock market is easy. Buy a stock and when it goes up, sell it. If it doesn't go up, don't buy it.


Much of current financial advice, especially from the media, is about as useful.
Click to expand...

The more I think about it, the more it seems that doing the opposite of what most other people are doing is the best strategy. Sell when people are buying, and buy when people are selling.
 
GregB

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No, it's rumors that oil-exporting nations have been meeting secretly to discuss replacing the dollar.

Saudi Arabia denies it.
 
Don

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Somebody's overpaying you, Celina. The dollar's currently worth less that 4 cents in 1913 dollars -- that was the day before the Federal Reserve started the printing presses.
 
GeorgeK

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GregB said:
No, it's rumors that oil-exporting nations have been meeting secretly to discuss replacing the dollar.

Saudi Arabia denies it.
Click to expand...

I probably haven't held a dollar in my hands for a decade. Everything is plastic.
 
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