Investors Should Start To Ignore Some News Headlines

Jul.29, 2008 in Investment Opinions, U.S Hot Stocks

“U.S. stocks bounce back as price of crude slides”

“Bulls ignite NASDAQ’s fuse”

“Feeling better- Consumer confidence ticks up”

“Merrill’s Misery: Is the Bottom in Sight? ”

“Consumers More Upbeat as Inflation Jitters Ease (16-year low)”

“Some BIG BANK analyst (who lost all his money in housing stocks-NOT MENTIONED) expects the housing market to turn in six months”

HI Guys, when you see these type NEWS headlines, please ignore them. Watch all news, but make your own judgment with common sense. Don’t trust your broker, analyst or any media. They all have some hidden agenda to promote. More downtrend on the way.

It seems that everyone still has tons of disposable income, either that or everyone is tens of thousands in credit card debt. People on this board say its good to cut back, don’t use more than 30% of your credit line, use an envelope system for spending. I (nor anyone else do I know) does those things.

I have not seen any less traffic on the roads, stores are just as crowded with much less on sale than in prior years. People still goto the beach, shore, %26 take mini vacations every weekend — not someone you would expect to be able to do with gas $4.00 a gallon. Despite, the doom %26 gloom from the media, many people think the economy is fine and as good as in 1998-2000.

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