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June 20, 2013 – Comments (5)

"In the short term the market is a popularity contest; in the long term it is a weighing machine." -- Warren Buffet.
Right now, it's a popularity contest. Nothing new was talked about during the Fed's meeting. Yet markets are panicing. It's so irrational. Though to be honest, I get excited, it's like a fire sale at the Ferrari dealership. Time to buy some nice bargain priced stocks, or some stocks that have taken a haircut, but their fundimentals haven't changed, just the emotion of the stock market appears to make the stock seem less valuable.

5 Comments – Post Your Own

#1) On June 20, 2013 at 3:08 PM, ElCid16 (95.48) wrote:

It's kind of like when retailers hike an item's price by 10%, and then take 10% off and put up big bold signs that say SALE! 10% OFF!

I'm just messing around.  :) 

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#2) On June 20, 2013 at 4:36 PM, whereaminow (< 20) wrote:

Markets are down because Fed money printing has slowed. Somthing like down from 11% annualized to 3.5% last time I checked.  The recent statement indicates that will conitnue, which investors hoped it would not.

That is BIG news. And very relevant to anyone who understand how money printing drives the stock market.

David in Liberty

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#3) On June 21, 2013 at 1:59 AM, jiltin (45.11) wrote:

Market knew FED will pull, but do not know when ! So, market makers made a wild ride to make easy money so far from Jan 2013 onwards. No matter what bad news, stocks keep on going. Now, they all know when, that is the issue.

At this stage, staying away stocks is better than "Time to buy some nice bargain priced stocks".

Keep the money as cash and watchout next 3 months. Once volatility reduced, people can jump.

Now, Party is over, Honeymoon is over, but cash is the king. 

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#4) On June 22, 2013 at 7:17 PM, Valyooo (33.80) wrote:

prices are at where they were 1 month ago...hardly a bargain

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#5) On November 27, 2013 at 2:42 PM, yippiekiyeh (97.64) wrote:

@Valyooo You are absolutely correct. Hence I haven't been buying anything, rather, been piling up cash for a correction, at which point I'll purchase a few shares here or there.

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