Is the Market This Contrarian ?

[sonnyp]

day after day, bad news after bad news, prices going up and up ......and the market goes up day after day.

today, what most people take as great news, every sucker (me) would expect the market to go thru the roof.


right now the market's down. what gives. it's like betting sports. when the average jerk thinks a team is a cinch....they lose.

[lamboguy]

the job of the market is to take the most amount of money away from the most amount of people in the shortest amount of time

[chickenhead]

Market goes up and down based on different view of the news. Easy money, debt equals good for earnings and valuations. If obl factored in at all, it would be for afghan war now wrapping up sooner. Good for most of us, not necessarily good for bidness. All those big deficit war dollars end up as s and p earnings.

[sonnyp]

the job of the market is to take the most amount of money away from the most amount of people in the shortest amount of time


obviously, tough game

[Robert Goren]

A Law of Investing 101

Buy on the rumor,

Sell on the news.

[PaceAdvantage]

Osama bin Laden has been pretty much a non-factor for quite some time now, don't you guys think? I don't know why anyone would think the market would seriously move one way or another based on the death of OBL. It's nothing more than a symbolic victory at this point, none with much impact.

We've been hunting down and killing/imprisoning al-Qaeda operatives since 9/11. We've been putting serious hurts on their finances. They've been pretty much marginalized, except when a politician wants to use them to their advantage as a "scare" tactic...

The stock market never lies. And today it told you what kind of impact Osama bin Laden still had on this world...not much in reality.

[Robert Goren]

Osama bin Laden has been pretty much a non-factor for quite some time now, don't you guys think? I don't know why anyone would think the market would seriously move one way or another based on the death of OBL. It's nothing more than a symbolic victory at this point, none with much impact.

We've been hunting down and killing/imprisoning al-Qaeda operatives since 9/11. We've been putting serious hurts on their finances. They've been pretty much marginalized, except when a politician wants to use them to their advantage as a "scare" tactic...

The stock market never lies. And today it told you what kind of impact Osama bin Laden still had on this world...not much in reality.From the same guys who thought credit default swaps were a good investment.

[RaceBookJoe]

A Law of Investing 101

Buy on the rumor,

Sell on the news.

Law Of Investing 101.1

Buy the rumor, sell BEFORE the news. rbj

[Robert Goren]

Law Of Investing 101.1

Buy the rumor, sell BEFORE the news. rbjYou are right.

[RaceBookJoe]

the job of the market is to take the most amount of money away from the most amount of people in the shortest amount of time

Exactly...the herd always gets caught up in overreacting. The job of smart traders is to go opposite the overeaction....just watching pre-market gapping stocks to see it in action every day. rbj ps: for gapping stocks its moreso on nasdaq stocks than dow stocks

[RaceBookJoe]

You are right.

Not always haha. My point basically is that way too many traders/investors arent happy unless they buy the exact bottom and sell at the exact top. Smart traders are happy just getting a piece of the move...and its actually easier that way. rbj