TIAI March 8
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The Idiot-Maker Rally Continues!
Courtesy of John Carney and Gus Lubin at Clusterstock/Business Insider
Roubini PartiesThe rally that made a lot of the smartest people around look like idiots slowed dramatically in the final months of 2009.
But the much predicted decline never happened.
After a brief sideways period during November, stocks went back to rising in December. The S&P is now up around 8% since mid-October. That’s only slightly better than half the pace we saw for the middle quarters of last year. But, excluding those quarters, the S&P hasn’t performed so well since 2004.
But this remains the most-hated rally of all time, and pundits just can’t help themselves calling for its demise.
So we’re updating our original list with the the latest round of haters. Some have called for an imminent collapse. Others are slightly more far-looking, so they’re basically setting themselves to look like idiots for as long as this rally continues.
And we’ll note that none of these people are idiots — it’s just the market has made everyone — and that includes all of us — feel like idiots.
See the 14 gurus who now look like fools >
Tags: Features, idiot-maker rally, Markets, Stock Market, stocks, Wall Street
This entry was posted on Friday, January 8th, 2010 at 4:39 pm and is filed under Uncategorized. You can leave a response, or trackback from your own site.
The Idiot-Maker Rally Continues!
Courtesy of John Carney and Gus Lubin at Clusterstock/Business Insider
Roubini PartiesThe rally that made a lot of the smartest people around look like idiots slowed dramatically in the final months of 2009.
But the much predicted decline never happened.
After a brief sideways period during November, stocks went back to rising in December. The S&P is now up around 8% since mid-October. That’s only slightly better than half the pace we saw for the middle quarters of last year. But, excluding those quarters, the S&P hasn’t performed so well since 2004.
But this remains the most-hated rally of all time, and pundits just can’t help themselves calling for its demise.
So we’re updating our original list with the the latest round of haters. Some have called for an imminent collapse. Others are slightly more far-looking, so they’re basically setting themselves to look like idiots for as long as this rally continues.
And we’ll note that none of these people are idiots — it’s just the market has made everyone — and that includes all of us — feel like idiots.
See the 14 gurus who now look like fools >
Tags: Features, idiot-maker rally, Markets, Stock Market, stocks, Wall Street
This entry was posted on Friday, January 8th, 2010 at 4:39 pm and is filed under Uncategorized. You can leave a response, or trackback from your own site.
Comments
just click on that blue row and see the page that follows, than go back and see the picture showed..
is it SHE?
I think it's the same lady in the two pictures, but I don't know who she is. Do you think it's important somehow?
Or maybe the nonbelievers are the idiots, for still not catching on? <!-- s:? -->:?<!-- s:? -->
I don't know!! <!-- s:oops: -->:oops:<!-- s:oops: --> <!-- s:roll: -->:roll:<!-- s:roll: -->
Dr.D, I REALLY, TRULY hope "he/she/they/it" takes those words of yours into serious consideration! <!-- s;) -->;)<!-- s;) -->
Take a breather & hang in there; remember we are all in this together <!-- s:) -->:)<!-- s:) -->
L.O.V.E & LOVE ALL THE WAY!