Don't be MAD at Alstry
Since coming to CAPs, few bloggers have given you such accurate information and extrapolated it into such actionable projections as Alstry.
Alstry has taken abuse, ridicule, and admonishment but never let it interfere with his mission to put out the facts. In the short term, popularity plays, but in the long run, facts facillitate. Few deliver the facts like Alstry and with such amazing consistentcy.
Basically, under the Alstrynomic theory of Concentric Contraction, the price of just about everything falls except the US Dollar. So why get mad at Alstry when he tells you he LOVES cash. Staying in cash when the market drops 80% is like getting a 500% return in your investment.
So Alstry calls a 500 drop and we drop over 400 points in two days....no big deal. Alstrynomics is touching the pulse of the economy and right now the beat is weak. There is not much we can do about it with the current policies coming out of Washington and the quantity of debt burdening our nation's people, businesses, and municipalities.
You want to get Alstry's attention, score more points. One player tried to bet Alstry that he couldn't surpass the great TRDH.......he called Alstry names because Alstry refused to bet him a relatively small amount of money due to the illegal nature of the bet.....instead, Alstry was so confident of his goal.....that he offered to make a donation to St. Jude's Children's Hospital if he couldn't achieve it and suggested the same be done if he did.......right now Alstry is within 1000 points of achieving the goal....what do you think that other player is thinking to himself right now????
Why TRDH? Because he ridiculed Alstry and said his blog wasn't an investment site.......and this is not an attack on TRDH......just a clarification for you misguided players on how to win in investing....and that is by scoring points......and only by scoring points. NOT LOSING IS JUST LIKE SCORING......in some cases, even better....so staying in cash is actually an effective investment decision in a crashing market.
Some of you may have learned that painfully by now.
If you are upset with Alstry because you don't like his style, don't get mad.....simply outscore him.....in the mean time, if he keeps outscoring you.....you may want to pay attention to what he has to say and what is going on in the world.....and if you don't, he doesn't care.....in the end we each play with our own cash register.
I wish there was someone like Alstry when I was a young investor. It is very difficult to find someone competent who blogs the truth these days. NOT IMPOSSIBLE.....just difficult. Much of the stuff out there is fluff and misguided analysis.....and if that is what you like to watch and read, please don't let me stop you....it just brings more patsies to the poker table.
In the mean time the Institute of Alstrynomics is growing. We just spent the weekend in Southern Florida to hash out where this mess is headed. In the end, the consensus was we have a lot further to go down.
If you want to swim against an incoming tsunami, that is your perrogative. Anyone calling a bottom right now should have their head examined. There are lots of opportunities out there, but you have to sift through a lot of chaff to get to the wheat. Few on CAPS said they were going to get to be rated 100 and actually got there. Who is this Alstry fellow to be so brash and actually achieve so much success scoring points in such a short period of time while blogging day after day after day???
We now know who John Galt is......who is Alstry??????
But if you are Foolish enough to even attempt to call a bottom...you better start paying attention to headlines like this:
HSBC Cutting Consumer Lending Operations
About 6,100 people are employed in the HSBC Finance unit.