Brian Reed of ICI on NBR said, "sit tight do nothi
Post# of 8054
Posted On: 08/24/2015 9:02:08 PM
Brian Reed of ICI on NBR said, "sit tight do nothing"-
that outlay of capital is usually less than 2/tenth of 1%,
which is usually mad cramers advice in this situation also-though cramer says this contagion (from chinas stock market combined w irrational psychology) could result in another 5-10% drop in next 2 weeks
combination of things of course but the market response to a global economy whose stats have been known for sometime are as usual imo illogical -but that is typical market-illogical-emotional-overreaction-and since psychology is worse than irrational the future course cannot be predicted
that outlay of capital is usually less than 2/tenth of 1%,
which is usually mad cramers advice in this situation also-though cramer says this contagion (from chinas stock market combined w irrational psychology) could result in another 5-10% drop in next 2 weeks
combination of things of course but the market response to a global economy whose stats have been known for sometime are as usual imo illogical -but that is typical market-illogical-emotional-overreaction-and since psychology is worse than irrational the future course cannot be predicted
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