Public dead cat bounce story - and impact

[samgold]

Hello,

I noticed a Dead Cat Bounce article in Yahoo Finance. Normally all finance news web sites tend to be pretty up beat. I have had this feeling for some time that investors are sitting at the edge of their seats with their fingers on the "Sell" button.

Do you think that publishing of such articles will be self fulfilling in some way? Isn't it all about confidence in the end?

http://finance.yahoo.com/banking-bud...08837/dead-cat

Your thoughts?
Sam

[Starving Steve]

Re: Public dead cat bounce story - and impact

I like talk of a dead-cat bounce and slaves to the (Elliot) wave like Bob Prechter talking about how bad things could get. This is exactly the kind of bearish talk needed for the stock market to move HIGHER, not lower.

And looking at the picture fundamentally: just where is money going to go? ---certainly, not into the meager or zero-interest rate returns in U.S. treasury debt.

Bernanke raising Fed funds interest rates? --- to where, 1%? 1.5%? 2%?

Cash is trash.... I want my home, my dividend-paying oil and gas trusts in Alberta, and my gold coins, thank you. Bob Prechter can go scream 1000 on the DOW to his heart's content.:rolleyes:

I've been down the Prechter Highway before, and I know where it leads. Prechter is Wall Street's stopped-clock bear.

[c1ue]

Re: Public dead cat bounce story - and impact

The problem is that the article is by Robert Kiyosaki.

There are several threads which talked about the extreme unreliability of anything coming out of this person's mouth (or pen).