- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- China Overcapacity Worsening, EU Chamber Warns
- Investing in Good Karma – and Making a Profit
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Fed to Counsel Moviegoers on How to Use Credit Cards
- Where Do Pardoned Turkeys Go?
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Judge Erases Couple's $525,000 Mortgage Payment
MOST SHARED
- The Executive Job Search
- Where Do Pardoned Turkeys Go?
- Chinese Overcapacity is Worsening, EU Chamber Warns
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
- Salvation Army's Kettles Now Credit Card-Ready
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Trader Talk
- Oil Friday
Text Size 
Buy, buy, buy,
Don't miss the boat now
Buy, buy, buy,
Don´t be too late now
Banks a bargain,
Dow is rising
Dollar-euro needs revising.
Oil's a snap at 100 minus
Wheat and sugar are the gainers
Buy, buy, buy,
Don't be a wimp now
Buy, buy, buy
Help boost my fees now ...
It doesn't QUITE sound like that, but -- hand on heart -- not all that different either these days now, does it?
 |
And, sure enough, you find a whole ballet of equity salesmen pirouetting through the various media telling you just that. Banks are cheap. Go bargain hunting. Time to think about coming back in. Don't miss the boat. Yadda yadda yadda.
I am not even arguing whether they might be right or wrong. I am just saying this: a car salesman will ALWAYS tell me that THIS is the right time to buy a car. Will always tell me that the car HE has is the one I must buy. Because that is his job. That's the way he makes his money. By selling cars. As many as possible. As often as possible. All the time.
Now, this might come as a shock to you, but it's the same with EQUITY salesmen. They make money by selling equities. ALL the time. Nothing wrong with that. It's their job. Or would you blame your vegetable & fruit man for praising his oranges and tomatoes?
But it's up to YOU to decide whether and when you want to buy those oranges and tomatoes. Same with equities. Just remember that the next time a cheerful salesman sings the "Sell-side Rap"!
Ciao for now.
Found this wee "Wall Street Wrap" on youtube. Not ENTIRELY serious, but I thought it was fun. Enjoy and have a great weekend, y´ all!
Questions? Comments? Send an email!
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
- How can you get out of debt and back on the road to recovery? Follow these ten steps.
Data is a real-time snapshot *Data is delayed at least 15 minutes