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FreeMarkets (39.41)

It's Time to BUY!!!



July 20, 2010 – Comments (5) | RELATED TICKERS: IBM , GS , SPY

I am sick and tired of the financial MORONS in this world telling us the markets are going to come crashing down.  They make insanely stupid arguments like "IBM's revenue fell short." or "Goldman's revenue fell short" or the dumbest one of all "No one has even hit revenue expectations yet."

Then they continue to spew stupidity by saying "Debt can't go on forever" and "S&P P/E are at all-time highs".

If you listen a little longer you hear stuff about Greece, Hungary, Ireland and Illinois all on the verge of bankruptcy.

Well I'm telling YOU, now is the time to buy.  Why?  Because these neophytes don't know what makes the market move higher - and that is human psychology.

Based on over one million mathematical formula's, that I devised only yesterday while brushing my teeth, and running them through my handy dandy notebook (yes, the same one BLUE uses), I've calculated that after this mornings crash below 10,000, the DOW will sprint to 11,000 in only five trading days.

So forget what the morons are saying and BUY NOW!!!

5 Comments – Post Your Own

#1) On July 20, 2010 at 9:03 AM, ragedmaximus (< 20) wrote:

Quit brushing your teeth with LSD !

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#2) On July 20, 2010 at 9:04 AM, catoismymotor (< 20) wrote:

...the DOW will sprint to 11,000 in only five trading days.

You sound convinced of this. It will be interesting to see what happens. After it reaches 11,000 what then? Onward to 14,000 or a downturn to 7,000?

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#3) On July 20, 2010 at 9:08 AM, ragedmaximus (< 20) wrote:

10,400 was the ceiling and it's not getting there anytime soon so down,down,down from here

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#4) On July 20, 2010 at 9:53 AM, Dow3000 (< 20) wrote:

Either he was being sarcastic or this was the dumbest post I have ever read.  I beg people not to act on will lose most of your money.

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#5) On July 20, 2010 at 10:45 AM, Griffin416 (99.97) wrote:

Dow3000, I believe this post is sarcasm, given freemarket's picks and previous blogs. He/she is a bear.

Separately, IBM for the long haul seems good (if you believe mgmt) EPS is $10, they say in 2015 their EPS will be $20. That is a double in 5 years (20% per year) if the p/e stays the same.

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