I'm scheduled 20 minutes after the close for a segment on whether insider buying is a relevant predictor for future market action.
Wikinvest Wire
Monday, November 17, 2008
Closing Bell
I'm scheduled 20 minutes after the close for a segment on whether insider buying is a relevant predictor for future market action.
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9 comments:
No. Thank you, next question :>
did i copy you on the notes i sent in?
How do you do this? Do they have some local office you go to? Or a local TV station?
Didn't seem like you were on that long ago. I hope this means more to come unless they don't want honesty. I liked the line "you all cover this all day long" or something to that affect.
Also, Vince Farrell declared that the market has higher unemployment (8-8.5%) priced in and now is the time to buy. Further he added that if the market does drop we should average down as it goes.
The second part makes some sense from a value standpoint but I'm not sure what he's smoking for his first comment.
SD, I go to a studio at the north end of Phx.
anon 2:49, i was last on Halloween.
I have been critical of the conclusions Vince Farrell draws for a while. I don't recall him being right all that often.
Hi Roger,
I'm emailing you in regards to a followup email I sent you a month ago in response to a partnership, have you had a chance to think about it?
If you have any questions or would more information, please advise me and we can go from there.
Kind Regards,
Andrew Knight
rog,
the citi bloodletting may serve as a permission slip to other companies looking to resize, or as they said in new zealand, "rightsize".
I think the race between "cutting expenses" on the corporate side and "saving more and doing less" on the individual side may end up a tie...
And we are the losers to whom this tie "goes to".
I've been bearish for a long time now, and its wearing me out. I don't even know how I would trade a rally longer than 3 days...
Reading "Reminiscences of a Stock Operator" (Lefevre, telling the story of the great Jesse Livermore, for those like me who hadn't heard of it.)
I find it reassuring: markets and technology have changed, sure, but greed and fear and plain old human emotion haven't. We got problems, and not just in River City, but the playing field is a lot flatter than in Jesse's day.
While we may bounce between 700 and 1100 for the next 3-4 years, this may be the necessary "time out" the US needs to get some serious fundamental infrastructure rehab started (WPA for the new century...) and to digest the meaning of the world's new (and resurgent) economic and demographic vectors.
For my money (;-), I'd appreciate as much focus as possible on those foreign economies you see as positive investment opportunities... assuming of course you believe you've learned your lessons from the Iceland unpleasantness.... ;=p
Thanks,
R in NY
(I'm not an emoticon user...the last was meant as a joke of course...)
Andrew Knight:
Your website is one big ad. lol
Nice job, Roger.
Complicated subject, insider buying. If it were straight forward, it would stop being finance, since in finance, tells get taken away from you by the market. APT at work.
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