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- Now People Are Worried about Retail Stocks?
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Gotta tell you (and long time readers can attest) we were very frustrated throughout the 1st half of the year as we were screamed at by pundits about the “2nd half 2008 recovery” - I think at least 5x a week for months on end I used that line along with the term “Kool Aid thinking”during late winter and spring. After that thesis proved to fail, the Kool Aid pundits turned to “as gas drops 50 cents the consumer will be back” - hedge funds ran into retail stocks to run them up on “that thesis” - I said that one will be proven to be wrong but we looked foolish those weeks/months as we held none of the stocks that people were running into on false pretenses. Remember, in the stock market - perception is reality. It does not matter if reality is wrong as long as enough people believe it….
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10 Octubre, 2008| Fundamental Analysis |
@ 12:00
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