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The stupid market rally



November 10, 2009 – Comments (2)

That's right folks, I'm calling this a stupid market rally. We've got all the right ingredients to make it stupid: hope, high valuations, government spending... you name it.

I haven't stopped investing through, I've just been auditing the hope component of the balance sheet in my head and focusing on investing opportuniites that actually make sense.

Here's what I had to say on today.


2 Comments – Post Your Own

#1) On November 10, 2009 at 4:19 PM, booyahh (< 20) wrote:

All rallies are "stupid". Every bull market is primarily defined by bull. That is the operative word. Bull. That was the case in the late 80s, the 90s, as well as from 2003-2007. Stocks are always overvalued, PE rations are very high etc

The only time the market is fairly priced is after a severe crash, like in March.

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#2) On November 15, 2009 at 3:16 PM, caterpillar10 wrote:

nnaahhh....let's face it: it was fairly priced each time you bank a profit and it is a disconnected-from-reality, demon-ho-beeyach from hell each time you get your ass handed to you.....that's the deal:)

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