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Joe Six-Pack's back and loving every minute of it


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#1 jawndissedi

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Posted 16 January 2007 - 06:27 PM

One of these clowns was on his cell phone in my favorite coffee shop this morning, bellowing loud enough for people on the other side of the mall to hear him:

"It just hit 40! That's it! We got it! It's on its way!"

I don't know whether this is a topping signal or not, but I find it hard to believe enough of these f#@ktards survived the dot-com debacle to actually be making a substantial contribution to trading volume.

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#2 dcengr

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Posted 16 January 2007 - 06:34 PM

One of these clowns was on his cell phone in my favorite coffee shop this morning, bellowing loud enough for people on the other side of the mall to hear him:

"It just hit 40! That's it! We got it! It's on its way!"

I don't know whether this is a topping signal or not, but I find it hard to believe enough of these f#@ktards survived the dot-com debacle to actually be making a substantial contribution to trading volume.

Full story


All the dip buying algorithms are working like a charm. Just like in 2000. Maybe the top is near, but its not til they keep dip buying on the downside and refusing to give up that THE TOP is in.
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#3 nimblebear

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Posted 16 January 2007 - 07:12 PM

I see a lot of commercials for Trade Station. That along with others seem to be really coming into vogue. Talk among the average Joe doesn't seem to be as much about stocks as it was in 2000, but I really think the new suckers are coming from the proliferation of institutions (insurance companies for one) that are out there making tons of money and selling products as "diversified." (the sellers don't use the word "safe" or guarantee, but the word diversification is the implied "guarantee.") The people gladly "invest" their money in these mutual funds or annuities or insurance products that convey an air of "diversification." "Diversification" is the new pitch to suck people in again on this go around. Bottom line is there really truly not much diversification going. Asset classes that would allow diversification, aren't really available to average Joe. Thoough The people have a ton of money going into 401's, Roth's, etc. and this has been driving markets to new highs. You see a lot of ad's for real estate investment as well. Even though that market has been down a little lately it doesn't stop anyone from investing in it. Again JUST MHO, People (the average joe) really don't understand the underlying risks of funds or stocks (or bonds) and lately (for the past 3 years) if you've been invested in general stocks, or indexes, or small caps, TEF's or whatever you have been a winner. In fact a lot of people act and seem to feel like geniuses. Good for them. I have no complaint about them personally but I'm quite sure there is very little fundamental analysis (like there is at this board. ) Schwab guy keeps calling me and I know he is much younger, and he keeps trying to push me into this or that. There's a lot of these guys around and people eventually capitulate or start to buy the hype. I say good luck. I hope the long term (next 10 or 20 years) is good for them.
OTIS.