Despite the recent drop in the stock market investor sentiment remains overly bullish.
Stock Market News
He thinks that the madness in the stock market could result in "87 type of crash" in the next twelve months that "could be even worse."
We are in a market correction. The market went up yesterday so some got excited, but their excitement flew in the face of a tough reality - this is a bubble market that is popping.
In order to fight against the nervousness you have Wall Street advisers and brokers attempting to reassure the public by making wild predictions and statements.
CNBC's Steve LIESman declared this morning that his analysis of last week's jobs reports and other economic makes the "bear case" impossible.
In my monthly newsletter for April I said that this was going to be a very difficult time for the typical American investor who merely follows the herd. Today shows why.
It's easy to poke fun at James Cramer, because at least a few times a year he appears to go totally crazy on TV, but sometimes he gets something right.
Yes the stock market is manipulated, but that doesn't matter if you use strategies that side step the effects of these computer trading programs.
To understand this complex process, you don't need to read a whole book, all you need is a copy of the notoriously bad, but fun movie Superman III.
Watch this CNBC bubblehead make the bull argument against Fleckenstein.
It appears that Teixeira is getting involved in a sector full of hype right now - and a year too late.
They are broken IPO's. More IPO's are breaking.
Facebook does not make money off of the typical "user," but from businesses that give it money to advertise on it. And it is failing advertisers big time.
If you look at Candy Crush from a valuation basis it's absurd and will be one of the biggest IPO Wall Street scams in American history.
Inherent in the problems with the website, which is overseen by a man living in Israel, so he is far from the reach of the regulators, is a policy of allowing people to simply post without revealing their identity
Today the FOMC is holding a meeting and tomorrow it will announce an edict on monetary policy at 2PM.
Dave and I talked about what is happening now in the stock market and gold.
Well CNBC didn't exactly discover the inventor of Bitcoin, but they interviewed someone who did.
Some estimates are that 83 million of the accounts on Facebook are fakes.
On CNBC this morning a money manager appeared on the network and said that the DOW is going to 30,000.
If you advertise on Facebook they try to get you to pay for "followers" but almost all of them evidently are fake.
Why anyone would buy Facebook stock is beyond me. It's one of the most highly valued stocks I've ever seen in my life.
You can see why it is pretty dumb to expect the US stock market to go up again this year like it did last year.
Dave just sent me this video overview of what he is seeing in the market now - and how he thinks money is to be made for the rest of this year.
There is a simple reason to buy though - BECAUSE YOU WANT TO BELIEVE THE MARKET CAN MAKE YOU RICH BY SIMPLY BUYING AND DOING NO WORK OR THINKING AT ALL.
Yesterday on CNBC James Cramer said to buy Facebook stock. On his "Mad Money" show in the evening he suggested that Facebook and other social media stocks will go up for three years.
A lot of people are going to rush in and buy it off the open, because they have been watching it thinking about buying and now will be scared it might go up more without them.
Here is one little scoop for you though - former hedge fund manager William Fleckenstein has been in Davos raising money for a hedge fund that will be designed to short stocks and profit from the next bear market disaster.