Now that I have started my own stock market blog, I did a little research about how stock market blogs are perceived by the public. I came across this article that stated, "[b]ack in the 1980s and 1990s, a Bloomberg terminal or subscriptions to news services could give you a jump on the hoi polloi. Today, it's the masses that often have the jump, thanks to blogs and other tipster sites."
So, it seems that maybe stock market blogs are actually useful. I have checked out most other top stock market blogs and have been unimpressed. They are filled with gibberish, and links to the same artilces you could find on your own at any of the Wall Street websites such as CNNMoney.com. I hope to create a blog that is a fresh change from the monotonous dribble that most other blogs seem to spew.
That said, I would like to ask you, the reader, what you want from a stock market blog. If you want trading techniques then I can create something and add a link. If you want more about the trades I place, then I will write more about that. If you want a more personal blog plus my trades, I can do that too. You get the picture. I have created a poll on the sidebar of my website where you can submit your vote, so please voice your opinion. I also plan on posting more than once a week. I hope to have daily posts soon. Thanks for reading, and thanks for all the encouraging emails and comments I have received.
Saturday, February 16, 2008
Stock Market Blogs
Posted by
WallStreetKnowItAll
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2:03 AM
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3 comments:
For starters we would like another post. Lets see what you got, wiseguy.
Excellent content - as you always provide and inspires me to come again and again. You are on my RSS reader now so I can read more from you down the road.
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Here’s our market view on American stock market for 10th October, 2008
The stock market has collapsed - since Sept. 19 the DJIA is down 25% and the S&P 500 is down 28% and down 42% from a year ago.
How can this happen so quickly and so dramatically when so many good things have occurred? Oil is down to $82 a barrel; interest rates are very low; the dollar is up; valuation levels are extremely attractive among many blue chip stocks.
What's the real problem? The problem that is killing the stock market is a lack of hope about the future.
Hope springs from optimism that is based on facts and history. Look at the history of America and really all of mankind. Life is full of setbacks and problems - that's just the deal. But this too shall pass, as all scary periods have.
Doomsayers have been around forever and their batting average is zero. Buying stock is based on hope - hope for the future. If one doesn't have hope, they shouldn't be in this business.
So what is the best service we, as professionals, can provide for our clients?
First, discuss the fact that we are dealing with serious problems but it is not at all like 1929. The Federal Reserve and the Treasury Department are doing many things to restore confidence in the financial system. There is global coordination in attacking the problem, which is lack of confidence.
Tell your clients to look at history of our great nation and what has happened since 1776 when we faced very serious problems. The stock market actually rose steadily about six months after Pearl Harbor and until the end of WWII even though the outcome was not at all clear for several years.
No one knows when the stock market will bottom and a new bull will commence. We do know that stocks and mutual funds offer the best values we have seen since Black Monday, Oct. 19, 1987.
Almost all Americans have hope about the future of our nation, but they need help to control their normal fears.
ThePowerStocks.com Team
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