Ghost of Igloi wrote:
From Lance Roberts:
"This past weekend I was at a â€œSuper Bowlâ€ party in my neighborhood.
For those reading, please note that "Super Bowl" was in scare quotes. That means that "Lance" is too good for that sort of thing... except when he isn't.
As a money manager, I like parties as they are a rather insightful indicator of the current psychology of the â€œaverage investor.â€
Ah yes, rather insightful indeed!
Generally, it doesnâ€™t take long to find out where we are within the current investment cycle as one of three things will happen;
1. No one wants to talk about their investments;
2. A comment about investing might arise, or
3. They tell you everything about their latest investment success.
So, generally, people either do something a lot, they don't do it at all, or they do it some? See, he told you it'd be insightful.
Wives were walking around with freshly injected lips and botoxed faces. Men were brandishing new Rolex watches while bragging about their latest acquisitions.
Well, he doesn't have anything to speak for other than being a talk show host, but he writes like Chuck Palahniuk so he must know what he's talking about! You know, I heard that "Tyler Durden" follows his every word in fact.