Search This Blog

Thursday, November 07, 2013

All-Time Stock Highs, and Twitter

The stock market made an all-time high today. And, Twitter gained 90% from its IPO yesterday. The Fed is buying a trillion dollars' worth of stocks this year. What could possibly go wrong with this picture?

Our opinion is that anyone who holds a long position in this market deserves exactly what they're going to get in the coming months. Of course, the bimbos on CNBC say to ignore the near term and keep your goals anchored in the long term. Fine, tell us what you think of that when your portfolio is down 50% and continuing to fall.