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Note: The article written below is not meant to defend the actions nor advocate the interests of the American banking system in regards to the real estate market, or the financial markets as a whole.
Occasionally I read a piece [...]
If you turned on CNBC, Bloomberg, or visited any of the leading financial news websites today, you may have noticed a common theme running through the headlines. The tide of woes in the banking world, assumed by many casual observers to be either eased or completely hemmed by the release of the first half of [...]
This week, we had economic data coming in that reported much higher jobless benefits claims than had been expected. Over 573,000 claims were filed, nearly 50,000 than the benchmark estimate that economists had predicted. Of course, economists being wrong is by and large as reliable an event as the sunrise, so interpret that statistic as [...]
When there is a stock market boom, and everyone is scrambling for common stocks, take all your common stocks and sell them,? he elucidated. ?Take the proceeds and buy conservative bonds. No doubt the stocks you sold will go higher. Pay no attention to this?just wait for the depression which will come sooner or later.? When this depression?or panic?becomes a national catastrophe, sell out the bonds (perhaps at a loss) and buy back the stocks. No doubt the stocks will go still lower. Again pay no attention. Wait for the next boom. Continue to repeat this operation as long as you live, and you?ll have the pleasure of dying rich.
One of the terms that veterans of the stock market often use to describe buying patterns is ?smart money.? Smart money refers to buyers who are informed, intuitive, and quick enough to anticipate market trends before they actually occur. Conversely, the term ?dumb? money is the money from buyers who rush in after the boom [...]
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