http://www.bloomberg.com/news/2011-08-03/birinyi-advises-holding-stocks-with-scotch-after-s-p-500-erases-2011-gains.html?cmpid=
THE IDIOT IS BACK - HE STILL WANTS TO BE LONG STOCKS.
SOMEONE PLS ASK HIM TO SHUT UP!!!!!!!!
========
The seven-day slide that wiped out the 2011 gain in the Standard & Poor’s 500 Index is no reason to sell stocks, said Laszlo Birinyi, one of the first investors to recommend buying when the bull market began in 2009.
The drop surprised Birinyi, whose Westport, Connecticut-based research firm Birinyi Associates Inc. sees the bull market in U.S. equities lasting until 2013, based upon the length of prior advances. Investors who sell after the S&P 500’s 6.8 percent loss since July 22 will miss out, he said in a telephone interview yesterday.
The average bull market produces gains of 120 percent, Birinyi data show. The S&P 500 is up 85 percent in the current rally since the index slid to a 12-year low on March 9, 2009. Past rallies since 1962 show bull markets last four years and 23 days, almost twice the length of the current cycle.
SAMEER SAYS
1962
WHY 1962???????????????
WHY DOESNT THIS FOOL GO BACK AND LOOK AT DATA SINCE 1900
THE IDIOT IS BACK - HE STILL WANTS TO BE LONG STOCKS.
SOMEONE PLS ASK HIM TO SHUT UP!!!!!!!!
========
The seven-day slide that wiped out the 2011 gain in the Standard & Poor’s 500 Index is no reason to sell stocks, said Laszlo Birinyi, one of the first investors to recommend buying when the bull market began in 2009.
The drop surprised Birinyi, whose Westport, Connecticut-based research firm Birinyi Associates Inc. sees the bull market in U.S. equities lasting until 2013, based upon the length of prior advances. Investors who sell after the S&P 500’s 6.8 percent loss since July 22 will miss out, he said in a telephone interview yesterday.
The average bull market produces gains of 120 percent, Birinyi data show. The S&P 500 is up 85 percent in the current rally since the index slid to a 12-year low on March 9, 2009. Past rallies since 1962 show bull markets last four years and 23 days, almost twice the length of the current cycle.
SAMEER SAYS
1962
WHY 1962???????????????
WHY DOESNT THIS FOOL GO BACK AND LOOK AT DATA SINCE 1900
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