Using Rapidminer to model trends in the financial markets
12
Jun
2008
Say what you want about Robert Kiyosaki, the author of Rich Dad, Poor Dad, but he’s a smart man. I could help but laugh when I read this line from an interview with The Street.com (emphasis mine):
“I haven’t been this bullish in years,” says Kiyosaki. “What a buying opportunity. … The stock market goes on sale, and everybody runs away.”
But, he’s excited probably only for a short time.“When the market comes back, I go back to sleep,” he says.
I too share his sentiment but I managed to pull money out near the top and buy near the market lows (I hope). As of yesterday I started my program of rotating my cash and bond holdings back into the market and plan to be 95% in stocks by December 2008.
3 Responses
Louis Cheung
June 12th, 2008 at 11:07 am
1This is indeed a buying opportunity. However, I think one has to be patient to buy at this moment, because I believe that there will be still much volatility in the next few months or so due to all sorts of uncertainties about the markets and economy. But then, if one buy now and wait for few years, time will prove that the prices now are cheap.
Matt Anderson
June 12th, 2008 at 12:39 pm
2Uncertainty in the economy? What’s so uncertain about it? The ebb and flow of capitalism causes great peaks and valleys. Right now we are in a valley. It happens about every 6-10 years. Here is how certain I am of things…we will pull out of this “recession” and we will have a great bull market…then in 6-10 years we will have another “recession” then bull then recession then bull and on and on and on. Uncertainty my ass! I am buying left and right! RBS @ 4.40, C @ 19.50, MSFT @ 26. Buy, buy, buy! This is like a sale at wal-mart, and you better get there before all the soccer moms, and hillbillies do!
Tom
June 13th, 2008 at 5:13 am
3Louis, I expect subprime-related mess part 2 to bite the markets. Like you, I expect more volatility as well and I’m going to guess we’ll see it in Sept/Oct.
Matt: You are 100% right, economies go in cycles. I like your Wal-mart analogy!
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