Is this guy serious?

Question

Can you believe this stuff?

I heard this financial expert on the radio today,and he was talking about how bad the economy is doing and how many foreclosures, there are, about high gas prices, and how much more americans were paying for a barrel of oil compared to europeans etc.. and how we may be headed to a recession etc.. Then a strange happened. On top of all that not so rosy news, he then was asked about his own personal financial investments whether he was short or long in the market, and he reluctantly admitted that for the most part he was more short than long...and then when asked where people should invest their money, he talked about how so many other countries economies looked to be doing better that people should loof for good foreign investments to invest their money in. I thought about all he had said and had a good laugh. Then I said to myself...what a country !!!

Yes. I laughed, because I thought that the doom and gloom he was speaking of ..he was helping create. By advising americans take american money and innvest it in other countries' economies, is he not helping bring down our own economy? I am sure he is giving good advice as to where the money can grow fastest and earn the best returns, but what was going on in my mind is how the people making these decisions (and following his advice...and buy up the price of oil etc..) are part of the problems we have bringing about the doom and gloom. Sort of like cutting our own throats.

oh.. another thought just occurred. So let me get this straight: a) we are pursuing policies that make it easier to send our factory production overseas and americans jobs to China, india etc.. b) We are pursuing policies that make it easy for people from south of the border to sneak into our country to do jobs "that americans wont do" wich in actuality means they take jobs from americans in many cases and depress wages c) We are speculative investment strategies that bid up the price of oil so consumers can pay more at the gas pump, and so inflation can get a boost. d) We are advising our investors with real money to investment in real investments to take their money made in america and send it to the economies of other thriving economies that have become more thriving because we have send the factories over there.

lol....I just had another good laugh at the insanity.

Answer 1

It's all about money, having money and having your money make money. There is no conscience to it, only profit. The people with big money are the ones driving the price of oil, futures traders, market makers. The guy is right, foreclosures are the direct reaction to jobs being lost, outrageous medical expenses, the oh so friendly to business new bankruptcy laws, financial institutions using predatory lending practices and now it's coming back to bite them in the butt, and the sky high cost of everything. What I also don't like is the idea of going short in the market. If the stock market is for investing for the long term, building companies and especially for the average American, shorting should be illegal. Why should Joe two thousand dollar suit make a fortune shorting while you're at work losing your butt cause your stock is tanking? It's a big game for the people with big money. We're into November and the DOW is not even up 5% YTD. When the war ends, the people with 401's better look at other places to invest, the market is going to leave them holding a much smaller nest egg.

Answer 2

I understand what you wrote but I honestly am not sure what you mean? Are you saying the country is bad off, or the guy is a hypocrite or what?

Spicoli: is correct shorting is a risky move in hopes the securities go down and foreign markets have been doing better as a long term trend, but I'm not sure what you are trying to tell us?

Yeah okay, I don't think politics and investments mix, although the definition of a resession/depression and the state of the current economy is heavly politisized, its best to try to find the truth or you wil lose big! If our market becomes undervalued or has a potential of significant growth, by all means invest in the USA. Also speculative investing doesn't control the market or prices or if they do, not for very long.

Answer 3

You sure don't understand financial terms. I doubt very much that he "reluctantly admitted " he was more short than long. When you short an investment it means that you believe the market is going down. So apparently he is backing his investment advice with his money. By the way foreign markets are doing much better than the USA. Just look at the returns from global and emerging markets on the mutual fund page in the paper. I know 'cause they are the best part of my portfolio

Answer 4

His argument seems logical enough, from his point of view.

He's advocating foreign countries as good sources of potential investments.

You can bet he's already invested in those countries, and their companies and currencies.

What does he want now? The price of his holdings to increase.

So he gets on a radio program and talks about all the weaknesses in the US market right now and that investors shouldn't be in American companies or invested in the dollar.

Then, all the listeners who believe in go out and buy foreign investments, rising the prices of foreign stock and the value of foreign currencies.

This guy's investments increase, he sells and takes his profit, and finds another set of countries/companies that are undervalued and invests in them.

Then he finds another radio program and does the same thing.

Everyone recommending you invest in something is already invested in it and hoping that you push up the price of that investment. This guy's no different.

Answer 5

I don't get the joke. He is not confident in U.S. markets that is why he has a short position in them. Also why he thinks foreign investments are the place to be. I have had 60% in foreign investments for a year.

Answer 6

These people who predict this gloom and doom for the economy are determined to make it happen. This guy is a perfect example.

Answer 7

People will say anything to get some face time on TV.

Answer 8

i know what you mean. sometimes it can be a little shocking to feel a dose of reality after having listened to rush limbaugh, michael savage, and other brainwashing neo cons all your life.

Answer 9

ha ha