Lesson 12: Don't Trust Anyone!
LESSON 12: DTA - DON'T TRUST ANYONE!
Today the market hit the magic 10,000 and everyone is all giddy. MSNBC, CNBC, everything else with a BC in it, CNN, Cudlow and Kramer, et. al and you know what? THEY ARE ALL IDIOTS!
In my opinion, the market is going to crash and it's going to crash soon and it's going to crash hard. This is not the second coming of Christ or proof that Santa Claus exists, this is the market being forced into a ceiling like a kid jumping on a trampoline in the living room.
Let's face facts:
1) Unemployment rate is through the roof
2) Deficite is through the roof
3) Holiday buying is down
4) The value of the dollar has plummetted vs the rest of the world
5) Almost all labor jobs are moving out of the country
6) Almost all items that are purchased in the U.S. are made overseas, in Mexico or Canada or China.
7) We're in the middle of a war which is going to take way more money than they've announced so far
8) Most of the companies stock prices are WAY WAY WAY WAY too high for the amount of profit they're bringing in. There are companies with no profit (amazon.com) and no history that have unbelievable stock prices
need I go on? Our economy SUCKS and is getting worse, but if you watch MSNBC or any of those other stock idiots, you'd think everything is all peachy keen! Why is that? Because THEY GET PAID TO DRIVE THE MARKET UP!
Here's the deal people, learn this lesson good: NO ONE will ever tell you a stock is good unless they stand to gain from it going up. This includes all the idiots on TV, the stock brokers, the idiots on the radio, everyone. If they say a stock is good it's because they or someone they know bought it and they're saying it's good to drive it up. If they say a stock is bad it's because they shorted it and they're trying to drive it down.
DO NOT LISTEN TO ANY STOCK IDIOT. They will never tell you the truth. The truth is in the charts for the stocks. They are ALL overpriced. They are ALL too expensive right now and they are ALL going to crash sooner than later. This is my opinion, but I'd bet dollars to donuts that the Wall Streets will come crashing down soon.
I'm TRYING to hold until January 1st, then you'll seeing me dump stock like a guy with a bucket getting water out of a dingy. I'm going to go 90% cash and then wait for the fall while all the Investors are losing money hand over fist, then I'll buy up their shares at bottom feeding prices and go skiing while my money works for me.
DON'T TRUST ANYONE!
Brokers are the WORST! Here's a FACT: NO ONE knows what the market is going to do EVER. No one knows if a stock is going up or down, no one knows if the markets will crash or not. So, you have to make educated guesses. Brokers KNOW one thing and that's that their company needs to sell it's shares of X stock. How do they do that? SELL IT TO YOU! It's a sucker deal. If a broker calls you, tell em to go #*@(! themselves and hang up!
All you need to remember is a) If the stock is above it's moving averages it's overbought. b) If the market is above it's average the whole freakin' thing is overbought and you better start hiding your pennies!
Today the market hit the magic 10,000 and everyone is all giddy. MSNBC, CNBC, everything else with a BC in it, CNN, Cudlow and Kramer, et. al and you know what? THEY ARE ALL IDIOTS!
In my opinion, the market is going to crash and it's going to crash soon and it's going to crash hard. This is not the second coming of Christ or proof that Santa Claus exists, this is the market being forced into a ceiling like a kid jumping on a trampoline in the living room.
Let's face facts:
1) Unemployment rate is through the roof
2) Deficite is through the roof
3) Holiday buying is down
4) The value of the dollar has plummetted vs the rest of the world
5) Almost all labor jobs are moving out of the country
6) Almost all items that are purchased in the U.S. are made overseas, in Mexico or Canada or China.
7) We're in the middle of a war which is going to take way more money than they've announced so far
8) Most of the companies stock prices are WAY WAY WAY WAY too high for the amount of profit they're bringing in. There are companies with no profit (amazon.com) and no history that have unbelievable stock prices
need I go on? Our economy SUCKS and is getting worse, but if you watch MSNBC or any of those other stock idiots, you'd think everything is all peachy keen! Why is that? Because THEY GET PAID TO DRIVE THE MARKET UP!
Here's the deal people, learn this lesson good: NO ONE will ever tell you a stock is good unless they stand to gain from it going up. This includes all the idiots on TV, the stock brokers, the idiots on the radio, everyone. If they say a stock is good it's because they or someone they know bought it and they're saying it's good to drive it up. If they say a stock is bad it's because they shorted it and they're trying to drive it down.
DO NOT LISTEN TO ANY STOCK IDIOT. They will never tell you the truth. The truth is in the charts for the stocks. They are ALL overpriced. They are ALL too expensive right now and they are ALL going to crash sooner than later. This is my opinion, but I'd bet dollars to donuts that the Wall Streets will come crashing down soon.
I'm TRYING to hold until January 1st, then you'll seeing me dump stock like a guy with a bucket getting water out of a dingy. I'm going to go 90% cash and then wait for the fall while all the Investors are losing money hand over fist, then I'll buy up their shares at bottom feeding prices and go skiing while my money works for me.
DON'T TRUST ANYONE!
Brokers are the WORST! Here's a FACT: NO ONE knows what the market is going to do EVER. No one knows if a stock is going up or down, no one knows if the markets will crash or not. So, you have to make educated guesses. Brokers KNOW one thing and that's that their company needs to sell it's shares of X stock. How do they do that? SELL IT TO YOU! It's a sucker deal. If a broker calls you, tell em to go #*@(! themselves and hang up!
All you need to remember is a) If the stock is above it's moving averages it's overbought. b) If the market is above it's average the whole freakin' thing is overbought and you better start hiding your pennies!
<< Home