Bloomberg: U.S. Stocks Tumble, Sending Dow to Worst June Since Depression (We knew it was coming)
FYI - Bloomberg.com U.S. Stocks Tumble, Sending Dow to Worst June Since Depression
This is not news to many in the CAPS community. Community intelligence does work, but NOT if you ignore it.
The Top Fool is SPECBEAR. Look at his stock picks!
How many bearish posts has the Top Five Bloggers on CAPS posted?
Three of the Top Five Bloggers are very Bearsish. (dwot, alstry and I). dwot is in cash (was?), I am 80% short, 20% cash. Look at our portfolios! FB made most of his points on the housing collapse. Alstry is 24X7 bear reporting.
Almost my posts in April are Bearish:
On 21 April 07, I gave 24+ reasons to be bearish (20 Recs).
Being a Bearish, Does not Mean I am Depressed or that I will Eat Bugs…(unless I have to)
30 Dec 07 Post (14 Recs):
Predictions 2008: S&P Falls 25%, Chinesse Mkt Falls 40%, Ron Paul Wins Presidency, Oil $175 etc...
Top Fool dwot's Comments on my post:
#3) On December 30, 2007 at 9:26 PM, dwot wrote:
Interesting that you think the Chinese market falls 40% and the US only 25% by comparison...
I think they both fall, but I think the Chinese market manages to pick itself up faster and better.
My only Post in Oct 07:
Call me a "bear". I have been called worse by nicer people then you!
On April 13, 2008:
12 Ways To Prepare For The Next Great Depression
On April 23, 2008:
Economics 101: The Skyscraper Curse and “7) Chinese stock market falls 40% by late summer”
Top Fool Demondoug has been posted many bearish comments. The Top Fools that have been long, are generally long commodities, especially oil. The US is built on CHEAP oil. High OIL is not good for the US economy.
Compared to "billionaire money manager" Ken Fisher we are Geniuses, take a read of what Mr Fisher is telling people here:
From my June 23, 2008 FIN 101: Spotting Gurus, Paid Liars, Fools and Cheerleaders(Part 3): Ken Fisher
"You can see right through the housing crash story by looking at the prices of housing stocks. The market knows what the economic worrywarts do not, which is that the housing sector is already making a comeback. In the last six months housing stocks are up 24%, well ahead of the overall market. If housing were destined to fall apart in 2007 these stocks wouldn't be so strong now
Did you know that housing sales are up in the last few months, not down, and that inventories are lower than six months ago? We're accelerating, not landing. This is true not just in housing but also pretty much across the board."
- Kenneth L. Fisher
Recommendations: Buy Pulte, Toll, Beazer Quote of the Day: Housing Boom!
Kenneth L. Fisher
Forbes, 02.26.07, 12:00 AM ET
"Data-mine all you want. You're not going to find a credible cause-and-effect relationship between oil and stocks.
Have you allowed yourself to be scared out of the stock market by high oil prices? If you have, you're making a big mistake. You are falling prey to a media myth. It's fascinating how often the media get away with a story claiming X causes Y when an abundance of statistical evidence exists to disprove the connection. It is routine now to see stories blaming a drop in stock prices on a rise in oil prices. Don't believe these stories. There's no connection between the two."
Stop Fretting About Oil
Kenneth L. Fisher, Portfolio Strategy
Forbes, 08.15.05, 12:00 AM ET
Stop Blaming Oil!
Barry L. Ritholtz
Monday, June 27, 2005
“Call me what you will. Debt is good."
Learning To Love Debt
By Kenneth L. Fisher
May 1, 2007