by Constantine von HoffmanDecember 2, 2008
Economy
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!A guest post from Constantine von Hoffman, veteran business journalist and author of the blog CollateralDamage.biz, a humorous look at marketing and business.
News reports about yesterday?s 679 point drop in the Dow all blamed a study stating what was [...]
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 [...]
A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment.
The markets continued their gut wrenching swings today before finally falling down into the red following a huge rally yesterday in which [...]
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