The principal is actually very simple: pension plans behave like long- term momentum investors. So they tend to buy into rising markets…until after those markets have peaked and begun a major decline.
October 16th, 2009 | Eric J. Fry | 2 comments | ContinuedAll Posts Tagged With: "selling stocks"
Depression II… the Sequel
“Let’s not mince words…this looks an awful lot like the beginning of the second Great Depression,” says Nobel-prize winning economist Paul Krugman.
Paul Krugman is wrong about a great many things; but he’s right about this. This is not a recession. It’s a depression…
February 12th, 2009 | Bill Bonner | 6 comments | Continued
Still Sticking with Selling Stocks on Rallies
Recently, investors have been hammering on the world’s capital markets. Asset values have gotten smashed…formerly great companies have been beaten to bits…
November 26th, 2008 | Bill Bonner | 0 comments | Continued