Thread: Wackonomics
View Single Post
Old 07-23-2009, 11:44 AM   #216
Mavdog
Diamond Member
 
Mavdog's Avatar
 
Join Date: Jan 2002
Location: Texas
Posts: 6,014
Mavdog has much to be proud ofMavdog has much to be proud ofMavdog has much to be proud ofMavdog has much to be proud ofMavdog has much to be proud ofMavdog has much to be proud ofMavdog has much to be proud ofMavdog has much to be proud ofMavdog has much to be proud ofMavdog has much to be proud ofMavdog has much to be proud of
Default
Quote:
Originally Posted by DirkFTW View Post
Huh...

"In our view, the only thing propping this market up is investor sentiment. Earnings have not improved. Keep it simple, stupid - investing is and has always been about the real economy, and this market is ignoring the hard data. You can invest in sentiment if you want to, but as we have said before, we prefer to invest in real things."
-From Sprott Asset Management's July 2009 Comment

We are all Baghdad Bobs today.
huh? the averages (and the stocks that make them up) are rising because many cos have reported earnings which HAVE improved from the past couple of quarters....

apple, starbucks, wells, chase, no trust, pf changs, southwest, cat, vf.... the list is long.
Mavdog is offline   Reply With Quote