Sunday, October 12, 2008

Shattered Psychology, Bloodied Charts, Politics, & Earnings Reports will Whipsaw Market

Sunday Greetings from the entire Psychology of the Call team (POTC).
Our goal is to keep you at least five paces ahead of both angry herds, with a focus on exposing the many irresponsible talking heads. Perhaps having one go-to cable channel isn’t a good thing and shows like Jim Cramer's Mad Money aren’t helping anyone. Granted, Cramer is in a very difficult situation as the bear market evolves, and we don’t believe he’s inherently bad, but we would prefer it if he had more competition. His mantra "there's always a bull market somewhere" has been proven wrong of late, but he won't admit it. The aura built up around his "genius" fooled more people than a David Copperfield magic show, still GE's parent CNBC allows his circus of errors to continue on-air. POTC's ambition of offering you the most educational go-to portal on the internet is only two weeks from fruition. We feel for everyone still reading this, and we thank you for being patient during these market dislocations; dislocations caused by the virtual overnight failure of all five U.S. investment banks. The reality of their charters being changed to Bank Holding Company status means that trillions of dollars of stocks, bonds, and commodities had to be sold or bought back, thus the anomalous moves, especially with falling stocks in the face of falling bonds.
The long term buy & hold investor has suffered incredible emotional and financial loss. Only the...
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1 comment:

Anonymous said...

Any ideas on how to play goog earnings (aka make a quick dollar)?