Posted on 05/18/2010 2:59:26 PM PDT by Kartographer
The CBOE volatility index, widely considered the best gauge of fear in the market, is trading above 25 Thursday. Is this volatility good for the market? James Hardesty, president, market strategist and chief economist at Hardesty Capital Management and David Hefty, CEO of Cornerstone Wealth Management shared their insights.
“It undermines investor confidence and confidence is important in pushing this market higher,” Hardesty told CNBC.
(Excerpt) Read more at cnbc.com ...
Anyone for gold/silver?
so the market will hit 12,000 but not before it hits 5,000. sounds to me like he’s hedging his bet.
Definitely some volatility there.
I can’t imagine the individual investor getting back into the market with all the volatility. I’m sure that the big money gamblers are making money on this market but the small investor had better beware. These “market movers” not only have lots of money to gamble with, but they also have an inside track, something the “retail” investor does not.
I see nothing except a gamble for the small investor, and they would be more likely to lose their shirt than gain anything significant against the real-time gamblers.
any one that has confidence in the market deserves what they get
>>I see nothing except a gamble for the small investor, and they would be more likely to lose their shirt than gain anything significant against the real-time gamblers.<<
This is why I got out. There has always been an element of gambling in the market, but more like poker in the past. Now it is like roulette, at least if you are a small investor. Going technical can improved the odds somewhat, but I just don’t have the stomach for it when the stock prices have nothing much to do with value...
Anyone bullish on Obama’s America?
“Anyone bullish on Obama’s America?”
I’m a Bullsh1tist on Obozo’s America
“Anyone bullish on Obama’s America?”
You hit on the key point. Obama and his cabal of radicals are driving the country into the ground and clearly want to destroy our economy.
Yes, unfortunate but true. This comes from one who always thought that the market was a great opportunity. No more...
There are plenty of opportunities for small investors.
When you see good companies being sold at bargain prices, buy them. Collect the increasing stream of dividends for years to come, and be happy.
If they are at bargain prices you have to wonder why the millionaires in the market are not buying them up and raising the price. If it is low, it is suspect, if it rises quickly, it is because the big money folks are buying.
You have to have confidence in your own opinions, and not worry about what others are doing, it you want to be a successful investor. Look at the companies, and not the stocks, and certainly not the stock market.
Remember that the average managed mutual fund returns less than the market average. So if you buy the stocks nobody loves, you will make more than the averages. But it takes guts to do that.
True, but you also have to be aware that the wealthy and those involved in the stock market have much better access to information than you do. That means that they will always do better and you will always do worse, no matter how educated on the issues you are (they have up to the minute information - sometimes inside information).
So, you still are gambling a bit...even if you are very confident and knowledgeable in your stock choices. You are going against the best in the market with the latest information.
No thanks,,, the ammo I bought 8 yrs ago has tripled in value......
30,000 primers, 80 lbs lead. Unfortunately it was all lost in a boating accident.
Or I could be lying because I am a liberal and they all lie.
If it was true, I would not be dumb enough to post it.
An awful lot of effort to stampede the herd lately. A good guess would be that big players have eased out during the latter part of the phenomenal recovery from the recent bust, and are now looking to create a scenario wherein 40 - 50% annual returns are obtainable again.
I wouldn’t bet against them. But, that’s the game that’s being played.
Good pt.
It must be the brass, eh? Or maybe the lead. :-)
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