Kommentare zu: The “Truth” about Wall Street :) http://www.ridingthedax.com/2009/01/06/the-truth-about-wall-street/ Sat, 11 Feb 2012 08:27:07 +0000 hourly 1 http://wordpress.org/?v=3.0.3 Von: Oli http://www.ridingthedax.com/2009/01/06/the-truth-about-wall-street/#comment-663 Oli Wed, 07 Jan 2009 10:05:04 +0000 http://www.ridingthedax.com/2009/01/06/the-truth-about-wall-street/#comment-663 Modestly??? :) Long time, I heard from her ... modestly said :) Modestly??? :)

Long time, I heard from her … modestly said :)

]]> Von: Eric http://www.ridingthedax.com/2009/01/06/the-truth-about-wall-street/#comment-662 Eric Wed, 07 Jan 2009 09:42:29 +0000 http://www.ridingthedax.com/2009/01/06/the-truth-about-wall-street/#comment-662 Good article, thanks for posting. I always enjoy reading Paul Farrell. He might have included two other stock market "experts" who made notably lousy predictions: Louis Rukeyser, and Elaine Garzarelli, both of whom were notably bullish at precisely the wrong times. Rukeyser basically pooh-poohed the early days of what turned out to be the massive Tech Bubble collapse of 2000 as being a mere hiccup, nothing to get worried about. And as for Garzarelli, famous for predicting the 1987 Wall Street market crash, here's a snippet of Garzarelli on "Nightly Business Report," April 20, 2007 (nearly 20 years later), right as the U.S. housing meltdown was beginning in earnest: (Interviewer) KANGAS: You're still quite bullish? (Guest Market Monitor) GARZARELLI: Definitely, best economy I've ever seen. KANGAS: When you were here last in October, you said the housing slump was basically over, but it has gotten a bit worse hasn't it and has it bottomed finally? GARZARELLI: Well, the mortgage rates are down, 30-year mortgage rates down 100 basis points and I think housing now is flattening out and it should start to turn up later this year in 2008, modestly. Good article, thanks for posting. I always enjoy reading Paul Farrell. He might have included two other stock market “experts” who made notably lousy predictions: Louis Rukeyser, and Elaine Garzarelli, both of whom were notably bullish at precisely the wrong times. Rukeyser basically pooh-poohed the early days of what turned out to be the massive Tech Bubble collapse of 2000 as being a mere hiccup, nothing to get worried about. And as for Garzarelli, famous for predicting the 1987 Wall Street market crash, here’s a snippet of Garzarelli on “Nightly Business Report,” April 20, 2007 (nearly 20 years later), right as the U.S. housing meltdown was beginning in earnest:

(Interviewer) KANGAS: You’re still quite bullish?

(Guest Market Monitor) GARZARELLI: Definitely, best economy I’ve ever seen.

KANGAS: When you were here last in October, you said the housing slump was basically over, but it has gotten a bit worse hasn’t it and has it bottomed finally?

GARZARELLI: Well, the mortgage rates are down, 30-year mortgage rates down 100 basis points and I think housing now is flattening out and it should start to turn up later this year in 2008, modestly.

]]>