Apparently we're in the "Good News" is good news phase

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Apparently we're in the "Good News" is good news phase ...doesn't happen much, what's next... Rate Topic:

#1 FauxCaster

Doctor of Stock Proctology

Group: Members
Posts: 2,747
Joined: 03-December 02

Posted 05 September 2003 - 08:35 AM

We stoolies are used to the phase of the market when "Bad News" is good news and we're on alert for an up turn in the market. We're also on alert when "Good News" is bad news, and the market is showing signs it wants to go down.

But the "Good News" is good news these days in the markets. And every one is promising we're turning the corner.

Walking around Southcoast Plaza this weekend with my wife to look at the new G5, I overheard two women talking about how you shouldn't put your MBA or graduate degree on your resume because no one will hire you. Meanwhile, many of my 30-something under-employed friends are desparately trying to better themselves by getting graduate degrees on their nights and weekends.

Rock on.

"WE ARE BEING KEPT ALIVE by the Entropic movement of Dark Matter(Sino-Nippo-dollar purchasing of $UST)---as soon as there is a ringing sound,a sign of an clogged artriosclerotic wormhole on the emergency fiat-meter it will end--dynamic equilibrium,will have been achieved;better known as death" -- beardrech (Mar 15 2006, 01:17 AM)

"There's a good chance he was drunk or drugged. Only an idiot would jump into the bear cage." -- Belgrade Zoo Director Vuk Bojovic (August 20, 2007).

It's like you're dreamin' about Gorgonzola cheese when it's clearly Brie time, baby. -- Hitchhiker (S.A.M. 1998)

Mar 28 2003: July 2003 is the time I have identified as the low of the bear move...then the first leg of the bear is over ...many will be caught by surprise to see the market near it's all time high again within 3-4 years [2007] ..."depression" similar to 1932 doesn't come until 2010. -- blackbelt (Mar 28 2003, 10:05 PM)