tag:blogger.com,1999:blog-6251675227852122352.post6171194497869625530..comments2024-01-05T06:18:18.086-05:00Comments on CommentaramaPolitics: “I’m A Buyer”. . . Always.AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6251675227852122352.post-10633425664877242092009-05-21T04:26:02.983-04:002009-05-21T04:26:02.983-04:00I worked for a short while for an investment banki...I worked for a short while for an investment banking firm. I was amazed to find how many "stockbrokers" had no idea what they were talking about when discussing the price/earnings ratio with a potential investor. That is basic building-block stuff in the investment business. Most of these wizards are really just lizards.LawHawkSFhttp://www.blogger.com/profile/17800255923675295515noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-20123648851050862072009-05-20T21:41:15.307-04:002009-05-20T21:41:15.307-04:00That is a good strategy Patti! But personally I...That is a good strategy Patti! <br><br>But personally I'm investing in firearms/ammunition manufacturing companies like Winchester and the like. If any of you tried to buy any ammunition lately, it'd be apparent why.Captain Soapboxhttp://www.blogger.com/profile/02385712955943819175noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-72123555264036495522009-05-20T13:20:02.428-04:002009-05-20T13:20:02.428-04:00We are now badasses! Thanks Patti!Nice investment...We are now badasses! Thanks Patti!<br><br>Nice investment strategy. In the long run, you will be richer than all of the rest of us combined! Wish I'd thought of that!AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-80509469111021515812009-05-20T12:38:57.179-04:002009-05-20T12:38:57.179-04:00@PattiOh you know the vice industry does well in a...@Patti<br><br>Oh you know the vice industry does well in a recession. You've got it pegged. ;)SQThttp://www.blogger.com/profile/04251030404220909306noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-91742126378113525372009-05-20T12:34:01.618-04:002009-05-20T12:34:01.618-04:00i have linked you. consider yourselves badasses n...i have linked you. consider yourselves badasses now.<br><br>and my money? it's tied up in candy cigarettes and martini mixin's. a gal's gotta have something to fall back on.Pattihttp://www.blogger.com/profile/15388997298014397980noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-1581991313711505672009-05-20T11:33:21.402-04:002009-05-20T11:33:21.402-04:00I manage my own money (what little there is of it)...I manage my own money (what little there is of it) so I watch a lot of CNBC and I honestly find it stunning what a lot of these people will say.<br><br>In addition to what I put into the article, I began to realize awhile back that many of these people are intentionally trying to say outrageous things to attract business. When oil hit $144 a barrel, people were trying to leap frog each other with estimates. It got as high as $250 by the end of the year (three months).<br><br>I thought, that was crazy. But then it suddenly made sense when I realized that they had nothing to lose but everything to gain by making outlandish guesses.<br><br>If they guess right, it can make their careers -- like Merrideth Whitney, who guessed the bank collapse was coming and has now parlayed that into her own firm (she left Oppenheimer). And if you guess wrong? No big deal, you just tell your clients that "market conditions have changed." They won't know the difference.<br><br>It's a racket.AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-17711581330019459512009-05-20T11:07:44.311-04:002009-05-20T11:07:44.311-04:00My husband works for Merrill Lynch and he hates a ...My husband works for Merrill Lynch and he hates a lot of the so-called "professional" analysts. It makes his job so much harder when people stay glued to the business networks all day, listen to the "expert" opinions and think they know what to do better than my husband. Then what happens is that when my husband tries to get someone to sell something when it's in their best interests, usually when the market is at an unusual high (like 14,000) no one will sell. They're convinced by people who write books titled "DOW 36,000!" that they're just getting into a huge bull market. Then when the market drops to 6500 they panic and sell off. Getting people to take the long view and hold long-term is an on-going battle for him. One I hear about often.SQThttp://www.blogger.com/profile/04251030404220909306noreply@blogger.com