As I’ve said before, I have all my money in foreign currency. Only suckers play the stock market. That’s why we are in a position where we charge you a commission if you buy, charge you a commission if you sell, and don’t suffer any loss if your stocks go to zero or less. Thanks for the yachts suckers.
~Jaypee
The stock market’s summer party may be over, according to a NYT story saying that some analysts are predicting a “sharp pullback” in stocks. Shares are up more than 15 percent since mid-July, part a prolonged rally following the market’s historic slump this winter, but September is a notoriously bad month for Wall Street, and now the smart money may be voting with its feet. “The people who know are getting out early,” Art Cashin, the director of floor operations at UBS, tells the NYT. “This rally’s a little long in the tooth.”