Just for the record, the market closed up around 270 points the day after the election, and the market is up another 160 points two days after the election (mid-day). The Dow Jones is now cooking along at 18,750, all time highs. Oops. These two liberal bozos really, REALLY missed the call. And it calls into question just exactly what kind of credibility they have on virtually anything.
Mark Cuban, on the other hand, owns several private companies namely the NBA's Dallas Mavericks, Landmark Theaters, Magnolia Pictures and is the chairman of AXS TV, an HD television related business. With these latest really bad predictions regarding the recent election to the presidency of Donald Trump, something Mr. Cuban knows virtually nothing about, it is truly a shame that he does not control and makes important financial decisions in publicly traded companies.
With this kind of really bad judgment, shorting as much stock as you can get your hands on would pay off handsomely, virtually a sure-thing. Poor decision making ability on the part of a principle of any company is always a money making opportunity for the shrewd investor. Just short the stock, and watch the returns flow in.
.jpg)
12 comments:
Cuban THINKS that he's the smartest man in the room. That's his problem.
Krugman drinks his own Kool Aid.
In fact, most progs think that they are the smartest people on the planet. The truth is that NONE of the political class judged the mood in America because they're satiated on an over-supply of other men's bread. None of the bastards ever walks down Main St. and notices all of the closed businesses. Likewise, they never walk into bad neighborhoods unless they are surrounded by armed people - while they demand that the most vulnerable disarm in the presence of lawless criminals (who won't).
Cuban would be well served to step out of his limo from time to time.
Krugman is hopeless.
What I know about buying and selling stocks could be put into a doll sized thimble. In the way back days, people bought stock in a stable company planning to hold it for just about forever, and expected to make some money. Now it's a complete crap shoot so I avoid it at all costs. I flirted with doing some day trading about 15 years ago, and after doing my due diligence I said, "Are you nuts? You'd have better odds in Vegas where we know the house always wins."
Krugman is an idiot. Good grief - he even looks like an idiot.
I got some good chuckles out of Paul Krugman's essay headlined on the NY Times Tuesday night about how the US was now a "Failed State." Actually, it was more like a gut laugh. What a retarded shit-weasel.
LL: how is it that both Trump and Cuban are billionaires, but only one of them understands the plight of the 'forgotten man.' One of them comes from money and was born with a silver spoon in his mouth. The other scratched and clawed his way into his billions.
And which is which? You'd think the bootstrap guy would be in touch with the average American. Nope, it's the billionaire from birth (yes, only a millionaire from birth, a little poetic license here).
And you are right. Karl Marx, Mao Tse-tung, Joseph Stalin and Paul Krugman are hopeless. There's no talking to these guys.
Adrienne: yes, Las Vegas has about the same payout as Wall Street. The trick to beating the market is knowing the business better than 'the street.' This little flaw in Cuban's decision making process suggests that he is like this all the time, meaning he probably makes crappy business decisions, too. I don't know if 'the street' has picked up on this yet.
Krugman: a Nobel Prize winning economist, who doesn't have the sense to pour piss out of a boot. Of course, Barry Obama is a Nobel Prize winner, too. I guess just about anybody can pick one of those things up these days.
Grunt; Krugman is pretty smart, book smart that is. See comment to Adrienne, he may be smart about all things written by pinko dead guys, but he still doesn't have the sense God gave a crowbar.
There are always those that want to sell you snake oil, whether you buy it or not is your decision... due diligence!
PS: If stocks are boring you, play the futures market, that is gambling.
Ivory Tower Limousine Liberals have always been out of touch with the majority of US citizens.
Why they get listened to at all, except that they control the media, is a mystery....
I think Krugman looks at all the economic information, then picks the interpretation 180 degrees opposite that of reality. That's been his modus operandi for years and the main reason people think he's so smart. He's not smart. He's well-educated and completely ignorant.
Fredd, good call(s).
Krugman is so wrong, you can almost always position yourself 180 from his prediction.
In fact, the smartest guys will tell you No One knows what the market is going to do on any time frame.
Kid: Krugman is simply a leftist ideologue. Nothing more. Whatever conservatives do or think, he opposes it tooth and nail. Whatever the left does, he defends it to the death.
I suppose you and I are on the exact opposite side of the coin from Krugman already. Except the guy has no business trying to predict markets.
Post a Comment