So.... What is interesting is this.... I don't know if you people follow "The market"....
But, on Monday.... the market narrative was that every bank in the country was going to go bankrupt.... Nobody was going to buy a home ever again, The bread lines were about to start, umn.... the whole bit....
Well Sure enough. Tuesday... the bank stocks started rallying, and have moved +50% in 4 days.
why... Well, the damn things had a yield on them in the 7-20% range... Every banking stock... It was the Craziest thing I had ever heard....
so when you read in the paper... all the Bullshit, fear, the market oozes.... Realize it's counter intuitive.... The move was to "BUY" the weakness.
Shhhhhh around the holidays the market will be afraid again "Christmas is Canceled!!!!! It's over" "Charles Dickens is coming, and scrooge is going to Eat all the Toys."....
well I wonder what the move then is going to be....
My real point is "if you read the paper and decide to buy or sell stock" it's going to be a mistake."
No comments:
Post a Comment