Comments on Fund My Mutual Fund: Boone Pickens Almost Entirely in Cash; Fidelity Jo...

If you played a drinking game and took a shot at e...

2008-10-28T15:10:00.000-04:00

If you played a drinking game and took a shot at each mention of liquidity you'd be toasted by 8 am.

Works for me anyhow! ;)

Funny thing is on CNBC Europe they actually have some great guests - the problem is those people seem to be cautious and dare I say "negative". And not just at the end of a 25% move down in a month or 40% in a year.

I wonder why they don't allow these people onto the US version.

What seems like a long time ago, I use to write fo...

2008-10-28T15:07:00.000-04:00

What seems like a long time ago, I use to write for RealMoney.com; in one of my articles, I recommended being in cash; one of the editors told me that cash was not an option.

CNBC is funny; they talk to investors but they all want to be traders; there is a lot of on air exasperation with the markets - they just don't seem to do what they are suppose to do. There is a fascination with the "best and the brightest" as though they really have some superior intellect. They rationalize the current economic crisis as a problem that will spill over to Main Street if we don't fix it on Wall Street first. Hearing the word "Liquidity" makes me cringe.

cr,that has to be an oversold rally at some pointt...

2008-10-28T14:47:00.000-04:00

cr,

that has to be an oversold rally at some point

the entire stock market will be 0 by Jan 31st, 09 at this pace

25% lost in Oct alone

guy, you remember Rev shark - he complains he never gets invited to CNBC because he is a shorter term trader who has been mostly in cash - that goes against their "feed me money" policy on CNBC... you know - when you are down 50% just keep buying because "in the long run stocks always go up"

Dennis Kneale, and Kudlow should be banned. I have yet to see an apology from those two for their sunshine the past year.

stonefox,
I give you credit for consistency - you always find optimism. One day you will be correct that the market must go up lol

no wonder energy stocks tanked like crazy!! (OXY, ...

2008-10-28T14:05:00.000-04:00

no wonder energy stocks tanked like crazy!! (OXY, NOV,MDR,..)

starting to look like the redemptions were overdon...

2008-10-28T13:45:00.000-04:00

starting to look like the redemptions were overdone. Now starting to see that a lot of funds have extra cash now. Not to mention these redemptions have to go somewhere. Maybe they'll leave the stock market, but I'm sure a lot of them end up in other funds leaving us setup for a big inflow down the road.

Oh well, we need to come up with a new moniker for...

2008-10-28T13:44:00.000-04:00

Oh well, we need to come up with a new moniker for the "best and the brightest"! Maybe we should call them: the "best and the brightest only when the market goes up".

Yet I still find it fascinating that CNBC and other media outlets keep going to the well on the same people that never saw this mess coming.

It is like who do you turn to when there is no one to explain things?

One last thing: can we finally do away with such phrases as "smart money" and "best and the brightest"?

Do the fed meeting, testing and so far holding the...

2008-10-28T13:39:00.000-04:00

Do the fed meeting, testing and so far holding the 10/10 lows, market down 40%, and stocks already ridiculously cheap (has the market factored in 4Q misses into a lot of stocks?) make anyone want to dip their toes in? I may dip into UYG.