Wall Street declaring bear market

[Mizmoon]

According to the CEO of thestreet.com, the best investors can hope for us simply not to lose their money. A quote:

"This kind of activity, where great news comes out and the stock goes down, has a name -- that's called bear-market activity. You have that when things on Main Street are quite good and Wall Street can be impressed by nothing."

http://biz.yahoo.com/ts/040805/10176559_4.html

George is going down. It's the economy, stupid. Even the big boys are losing their shirts.

[wryter2000]

1. Things on Main Street are "quite good"?

What Main Street do they hang out on?

[Worst Username Ever]

2. To be fair

the market returned 28% last year. The EARNINGS of companies are WAY up (even though they are not hiring, just sticking it to their workers to work harder), which creates strong stocks. So companies, and hence, stocks are much stronger thena couple years ago. Investors are just scared and not investing. Thank you, Bushco.

[Zynx]

5. Yeah, but the previous three years the market was WAY down.

[Kathy in Cambridge]

8. Just like job creation;when one cites improvements from the very bottom

and talks about 'explosive growth' from an economic toilet on par with the depression, 20% growth is still WAAAY behind where we should be, and adding 32,000 jobs is just downright pathetic.

[AmerDem]

3. Really!

WHAT A PILE OF HORSE SHIT!:hurts:

[The Backlash Cometh]

4. I'm waiting for this strategery:

I'm waiting for them to spread the meme that the market is down because everyone is afraid that Bush will lose the election.

[Cocoa]

6. they should call it a chimp market n/t

[On the Road]

7. Where Has This Guy Been?

"When great news comes out, the stock goes down..."

It's called "buy the rumor, sell the news" -- happens in good times and bad.