Tim Paradis is an AP Business Writer. Today he writes:
NEW YORK (AP) — The stock market’s bulls are slowing their charge, and upcoming earnings reports will determine whether they keep going forward or just stop. A two-week slump in response to disappointing economic numbers has investors asking whether the market’s powerful rally is fading on what would be the start of its eighth month. Analysts have been calling for a break in the ferocious advance, but now that it’s here, even many who expect further gains are adopting healthy caution.
I will go out on a limb here: this guy has no clue. His writing? Pure mental masturbation. Why so hard on Tim Paradis? Here is some text I found searching this morning:
We’ve become addicted to the “aha!” moment. When the light bulb goes off as we sit in a seminar or listen to an audio program or read a new book – it’s like an orgasm! It feels soooooo great! We’ve figured “it” out, the missing link, the nugget of knowledge that will make everything fall into place, our life will make sense, the world will finally recognize our greatness and our bank account will triple. Ahhhhhhh, that feels good. When we put the book down, return to our office or try to get back to work, it feels boring. We don’t feel that same energy, the high is gone. So we go in search of the next ‘aha’ moment, the next intellectual orgasm. You can break out of this cycle. You can stop sabotaging yourself when you realize that it’s just your brain, doing it’s busy, monkey-mind stuff that keeps you searching for the next high.
Consider questions that Paradis might have a hard time answering:
1. Who are these “stock market’s bulls”?
2. How do you know “upcoming earnings reports will determine” anything?
3. How do you know “a two-week slump [is] in response to disappointing economic numbers”?
4. Who are these anonymous “analysts [who] have been calling for a break?” Same ones who missed calling the market meltdown?
5. What is a “break” exactly?
Excuse me, my head is spinning. I must stop before an aneurysm renders me a vegetable.