tag:blogger.com,1999:blog-2335748440449035592.post8198201672723983842..comments2008-10-29T18:10:19.676-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2335748440449035592.post-70420785085790533292008-10-29T18:10:00.000-04:002008-10-29T18:10:00.000-04:00Thanks again. <BR/>Yup Hal 9000-saw it a few nights ago.keithpiccirillohttp://www.blogger.com/profile/16713240199705068281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-42628897899048909032008-10-29T15:33:00.000-04:002008-10-29T15:33:00.000-04:00guy, it was not the first 18 cuts that work, it is always the 19th<BR/><BR/>I was saying the same thing all winter when we all held our breath the week of fed cuts<BR/><BR/>remember the Monday and Tuesday before fed cuts the entire volume in market would drop off because we cannot do anything until the masters of the universe give us their verdict from Mount Olympus. I mean, yes they've been wrong for the first 18 months of this, and completely missed this, but now they are on top of it! :)<BR/><BR/>Keith, I am generalizing of course - many people do not even go to a message board or some people buy mutual funds and look at it once every 5 years. <BR/><BR/>You can search the blog for HAL9000 which is my term for the quants - there have been some good pieces by Kass, Cramer, and the like - here are some posts from the past. The computers seem to have turned on the humans just like in Terminator<BR/><BR/>http://tinyurl.com/6mkboa<BR/><BR/>http://tinyurl.com/64ngdv<BR/><BR/>http://tinyurl.com/5ju9ffTraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-45943470269717795612008-10-29T15:20:00.000-04:002008-10-29T15:20:00.000-04:00TraderMark,<BR/>Thanks for the mention via Yahoo Finance CGMFX Ken Heebner's Focus Fund. <BR/>"all the focus is on short term results". <BR/>Not ALL of us do this.<BR/>There are a few of us who are savvy posters that exchange ideas for possible trades off an old quarterly theme.<BR/>I have been investing with Mr. Heebner for 20 years and this is his first major stumble.<BR/>Can you give us a future article on the importance of algorithms and its debilitating effects on those who cannot afford the expensive programs?keithpiccirillohttp://www.blogger.com/profile/16713240199705068281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-46639639780120207092008-10-29T15:18:00.000-04:002008-10-29T15:18:00.000-04:00TM: More on newsletters; I subscribe for $350 a year for 1 year to Tobin Smith's dribble; he is of Fox Business. I did so not to get the stock picks because I don't trade in stocks but just to see what it was about. I looked at his stock picks over the past 2 years and notice that there were as many stocks off by 40-50% as there were up by 60% and this was in the bull market years not too long ago; I don't know how anyone can invest like that.<BR/><BR/>Agree about the focus on the Fed and you have to wonder several things: 1) why do we listen to these people; they were wrong 12 months ago yet they still occupy our time 2) why would today's meaningless yet symbolic rate cut today have any effect when nothing has worked for 12 months? Maybe the market is calling for some other kind of medicine?<BR/><BR/>Remember my analogy to a dying patient that refuses to die and the doctors keep throwing everything at the patient? The drug of last resort was levophed and when we put a patient on that we call it "levemdead".Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-51480528055603725952008-10-29T14:52:00.000-04:002008-10-29T14:52:00.000-04:00I've seen some of these newsletters that cost $1000-$1500 a year (or more)<BR/><BR/>I think most people would be better off going to Kmart, buying a $10 dart board, put up a newspaper with stock listings and begin to throw<BR/><BR/>That would save them $990 to $1490.<BR/><BR/>I'm just frustrated over the years watching good stocks sell off 30% (in good markets) because the management dared to think about the future and/or a multi billion business missed a 90 day period by 1 cent. It is so silly. Just like Fed days are so silly. Oh my god, every stock should be worth 10-15% more or less because Uncle Ben cut rates by 25 basis points instead of 50 basis points! <BR/><BR/>Total illogic but the reality is this is the bed that has been made, and the players who make the bed have the money - so I can whine all I want but this is the playground we live in.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-16324569938528323662008-10-29T14:45:00.000-04:002008-10-29T14:45:00.000-04:00TM: As always good stuff. I have been running a pay website for the past 4 years dealing with retail investors. I like to think that I put out solid research. The problem I have seen is that most folks want a lot of "juice" - a lot of activity with short term trades; I have read a lot of other peoples' newsletters and most is BS and I can't believe that people get paid to produce such nonsense. Short term trading (days) requires a lot of precision both in entry and exits to capture profits. This is very difficult to do.Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.com