Why does this dude still have a job? (Jon Najarian) - Investing -stocks, bonds, mutual funds, trading, market, brokers... - Page 2 - City-Data Forum

justanokie · 08-07-2013, 02:05 AM

Well he called it like he saw it. Even though this latest bull run is sans economic data to back it up you can't count on things to act right when so much money is being created.

I don't actually like to move money anywhere based on predictions (lost enough that way), I just move it where the market says to move it now.

BigCityDreamer · 08-07-2013, 08:15 AM

Quote:

Originally Posted by justanokie

Even though this latest bull run is sans economic data to back it up you can't count on things to act right when so much money is being created.

Since the beginning of this year, GDP is higher and the unemployment rate is lower.

Sounds pretty straightforward to me.

justanokie · 08-07-2013, 10:31 AM

Quote:

Originally Posted by BigCityDreamer

Since the beginning of this year, GDP is higher and the unemployment rate is lower.

Sounds pretty straightforward to me.

yep your right, everything is just as good as it was in 2007 when the Dow was at 14,000 and unemployment was at 4.5%, wth was I talking about.

CouponJack · 08-07-2013, 10:36 AM

Quote:

Originally Posted by justanokie

you can't count on things to act right when so much money is being created.

That's not my problem or an excuse.....

Its also my point about how its futile to predict short term movements because part of the problem is no one can predict economic policy.

So if anyone THINKS they can predict, they are lying....

justanokie · 08-07-2013, 07:50 PM

Quote:

Originally Posted by CouponJack

That's not my problem or an excuse.....

Its also my point about how its futile to predict short term movements because part of the problem is no one can predict economic policy.

So if anyone THINKS they can predict, they are lying....

Hence my statement about doing what the market says to do instead of trying to get ahead of it by betting on what anyone thinks it should do.

bmw335xi · 08-07-2013, 08:19 PM

I don't try to time the market. I will remain in it for the rest of my life.

BigCityDreamer · 08-08-2013, 02:09 PM

BTW, I noticed that Jon Najarian is often on CBOE TV. I figure he's got to have some level of expertise to be on that page.

So maybe he just made a bad call at the end of last year? Everybody makes mistakes. What is his overall record like?