21–27 of 27 posts
Oh shit - I'm just gonna jump off a bridge then, Jason. What's the point of living?
"I’m retired from blogging and have moved to the comfort of my email newsletter, where 9,400 of my close friends and I have a nice intimate discussion." I like Calacanis and the things he has to say in his emails, but to say the 9,400 people are his close friends and that he has an intimate discussion with them is just stupid. He's a blogger using the Cartmanland technique.
"Bottom line: there is zero chance of a short or medium term-rebound. Zero." The price of a security is its expected value, more or less. If the market thinks a security has zero chance of going up, the market must also think it has zero chance of going down. The possibility of a rebound is priced into this market, and so is the possibility of further decline; the two should balance. Even in really crazy markets with…
Thank you for pointing this out. People's willingness to point out what they know about markets _for certain_, without being willing to actually make the bet, has always amazed me. The truth is, if someone was 100% certain that the market would not recover from where it is, it's easy to bet on that without committing any capital and you'd even make the money if the market stayed exactly where it is. I see a quote on…
I don't see any claim about share prices there. He's talking about economic growth, consumer confidence, investor confidence, etc.
Another way to say what he stated there is: "We're headed for a deep, long recession, and there's zero chance of it miraculously getting better in the short or even medium term."
That's not a statement about share prices, it's a statement about the economy.
Also, how do you know he doesn't have a bunch of shorts on the markets?
Earlier quoted context omitted.
Thank you for pointing this out. People's willingness to point out what they know about markets _for certain_, without being willing to actually make the bet, has always amazed me. The truth is, if someone was 100% certain that the market would not recover from where it is, it's easy to bet on that without committing any capital and you'd even make the money if the market stayed exactly where it is. I see a quote on…
"Bottom line: there is zero chance of a short or medium term-rebound. Zero." I don't see any claim about share prices there. He's talking about economic growth, consumer confidence, investor confidence, etc. Another way to say what he stated there is: "We're headed for a deep, long recession, and there's zero chance of it miraculously getting better in the short or even medium term." That's not a statement about shar…
Also, I don't know his trading positions. I just find these statements that are _so_ certain to be mildly irritating, when it's been clear for a while that no one really has a knows what is going on or how to fix it.
Earlier quoted context omitted.
"Bottom line: there is zero chance of a short or medium term-rebound. Zero." I don't see any claim about share prices there. He's talking about economic growth, consumer confidence, investor confidence, etc. Another way to say what he stated there is: "We're headed for a deep, long recession, and there's zero chance of it miraculously getting better in the short or even medium term." That's not a statement about shar…
He does spend a paragraph before that talking about the state of the Dow and a lot later on how companies will manage their earnings, so I went with the parent posters interpretation. But you're right, I could have misinterpreted. Also, I don't know his trading positions. I just find these statements that are _so_ certain to be mildly irritating, when it's been clear for a while that no one really has a knows what is…
I think that opinion pieces would get tedious fairly quickly if they were constantly paraphrased with "imho"s...
Earlier quoted context omitted.
He does spend a paragraph before that talking about the state of the Dow and a lot later on how companies will manage their earnings, so I went with the parent posters interpretation. But you're right, I could have misinterpreted. Also, I don't know his trading positions. I just find these statements that are _so_ certain to be mildly irritating, when it's been clear for a while that no one really has a knows what is…
Granted, but the truth is, no one has any clue what's going on, ever. And yet, "Who the hell knows what will happen?", despite being always truthful, is not really good advice at any time. It doesn't matter what the state of the economy is - no one knows what will happen next.. if they did, they could make some good bets on the stock markets and become rich. All that anyone ever has is opinions. I think that opinion…
Hmmm... that sounds like a pretty absolute statement... is there any way to bet on that ;~)?
Earlier quoted context omitted.
Granted, but the truth is, no one has any clue what's going on, ever. And yet, "Who the hell knows what will happen?", despite being always truthful, is not really good advice at any time. It doesn't matter what the state of the economy is - no one knows what will happen next.. if they did, they could make some good bets on the stock markets and become rich. All that anyone ever has is opinions. I think that opinion…
> Granted, but the truth is, no one has any clue what's going on, ever. Hmmm... that sounds like a pretty absolute statement... is there any way to bet on that ;~)?
You have to have absolute knowledge to know if someone else has absolute knowledge. In the end you have to take people's words on things based on their acquired and intuitive knowledge.