Heh. I worked at the most exclusive country club in Greenwich, CT for a summer (my husband worked - and lived - there throughout college). One where all the Steve Forbses and Bushes and old money and hedge fund big-shots are members or come as guests. The Mexican locker room guys were always whispering excitedly about investing tips they got or inside information they overheard.
None of them profited much from it.
David
· 1 year ago
Barbers and shoe-shine guys know everything - pay attention! :-)
torbjorn rive
· 1 year ago
Think of it this way - maybe your barber knows how to "cut" his losses - or "trim" profits. I would venture it is NOT time to hop back in at full scale, maybe just bits.
As this (now much more than) crisis unfolds it only gets worse. We may still have more than 30% to fall in the long run. Until then perhaps it's time to time the swings with simple 50 and 200-day moving averages.
Long-long term? not yet - the market and its big guns HAVE ONLY JUST BEGUN PUKING BLOOD. and i mean PUKING!
Chad @ Sentient Money
· 1 year ago
This, along with a the comments, suggest real panic and fear is setting in at all levels of society. This is a good sign. It doesn't mean this is over, just that it is close to being over. Nothing wrong with finding a few top tier companies beaten down and snaging a few shares. Maybe Microsoft or Boeing...not that I have, but I am interested.
Writer's Coin
· 1 year ago
Any kind of drastic tip like this that comes with earth-shattering stuff like "this is like nothing we've ever seen" or "this will change the market forever" is all hot air. Hopefully something good will come of this, but I doubt it. Things will get better and in 15 years the same things will happen again with different companies/industries. Better be ready for it.
All Comments
None of them profited much from it.
As this (now much more than) crisis unfolds it only gets worse. We may still have more than 30% to fall in the long run. Until then perhaps it's time to time the swings with simple 50 and 200-day moving averages.
Long-long term? not yet - the market and its big guns HAVE ONLY JUST BEGUN PUKING BLOOD. and i mean PUKING!