Comments on: Four bullish tales in search of dupes http://blogs.reuters.com/james-saft/2011/08/02/four-bullish-tales-in-search-of-dupes/ Tue, 24 Mar 2015 16:54:45 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: m11213 http://blogs.reuters.com/james-saft/2011/08/02/four-bullish-tales-in-search-of-dupes/comment-page-1/#comment-913 Thu, 04 Aug 2011 04:42:48 +0000 http://blogs.reuters.com/james-saft/?p=542#comment-913 Thank you for an excellent, straightforward description of the current situation. It is important to remind everyone of the dangers of the narcissism that deludes us into thinking we have a special insight.
I would be interested in your suggestions, however politically impossible, for a way out.

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By: breezinthru http://blogs.reuters.com/james-saft/2011/08/02/four-bullish-tales-in-search-of-dupes/comment-page-1/#comment-912 Wed, 03 Aug 2011 10:35:14 +0000 http://blogs.reuters.com/james-saft/?p=542#comment-912 “The implication here is that no matter how bad the backdrop, you as an investor should be able to game it, to aggressively time the market. The truth is you can’t time the market; very likely neither can your broker, your mutual fund manager or your pension fund manager. Someone out there probably can, but we will either never find them or won’t realize it if we do.”

I can predict collapses in the market and I can prove it. It’s impossible to know which way the market will go each day, but I can anticipate big moves.

In October 2007, I moved all of my pension money from stocks to bonds and advised all of my co-workers in my department to do the same. None of them did and the next few times they received quarterly statements after that, there was a great wailing and gnashing of teeth. They swore they would never disregard my advice again.

That was the absolute top of the market. I missed the absolute bottom of the market because I thought it would go lower. I still got a nice ride back up.

I announced here on Reuters a few months ago when I moved my pension money again due to way too much downside potential. This time I moved it to cash because I think the bond markets are not as safe as they were the first time.

I’m going to try to do a better job of picking the bottom than I did last time, but I still expect to get a nice ride up.

If someone would like to pay me for my opinion, I would be happy to share it with them.

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By: NukerDoggie http://blogs.reuters.com/james-saft/2011/08/02/four-bullish-tales-in-search-of-dupes/comment-page-1/#comment-911 Tue, 02 Aug 2011 18:49:59 +0000 http://blogs.reuters.com/james-saft/?p=542#comment-911 Well said, Mr. Saft. You’re cementing your reputation for trumpeting the unvarnished truth – which is in critically low supply these days.

Thanks for having the courage and intelligence required to lay waste to the so-called financial “analysis” that does nothing but confuse and distract.

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