Oliver Stone’s economic forecast

[Arraya]

http://wallstreetwarzone.com/oliver-stones-new-wall-street-film-market-timing-signal-for-crash-of-2010-or-the-death-of-americas-soul-michael-lewis-discovers-both-for-vanity-fair/
This film’s your biggest market timing signal of 2010!
Seriously, why now? Why after 23 years, did Stone decide to update the message of his famous 1987 “Wall Street.” Great question: The interviewer was Michael Lewis, former Salomon trader, author of Liar’s Poker, a guy who understands Wall Street’s soul.

Stone’s answer is in “Greed Never Left,” Lewis’ Vanity Fair review of Stone’s new movie, “Wall Street: Money Never Sleeps.” Stone had to think about it: “Why did I go back?” Why? “Because it’s important. It’s the collapse of capitalism and the collapse of our society. It is. Our way of life is going to change.”

The “collapse of capitalism?” Yes, Stone’s predicting the “collapse of capitalism.” Not just a stock market crash, the “collapse of capitalism.” He’s predicting the “collapse of our society.” Worse, Stone’s predicting: “Our way of life is going to change.” Is this really a market timing signal? Hey, it was in 1987. Will history repeat? The odds say yes.

[davelj]

If you bought the S&P 500 immediately PRIOR to the collapse in 1987 and held on for 10 years you earned over 14% annually. So, I’d say Oliver Stone was a contrary indicator the last time around.

Personally, I don’t expect the stock market to do well at all over the next decade. But paying attention to anything Oliver Stone says regarding the economy is probably hazardous to your financial health. That a new Wall Street movie appears right now probably says more about the health of Oliver Stone’s balance sheet than that of anyone else.

[davelj]

If you bought the S&P 500 immediately PRIOR to the collapse in 1987 and held on for 10 years you earned over 14% annually. So, I’d say Oliver Stone was a contrary indicator the last time around.

Personally, I don’t expect the stock market to do well at all over the next decade. But paying attention to anything Oliver Stone says regarding the economy is probably hazardous to your financial health. That a new Wall Street movie appears right now probably says more about the health of Oliver Stone’s balance sheet than that of anyone else.

[davelj]

If you bought the S&P 500 immediately PRIOR to the collapse in 1987 and held on for 10 years you earned over 14% annually. So, I’d say Oliver Stone was a contrary indicator the last time around.

Personally, I don’t expect the stock market to do well at all over the next decade. But paying attention to anything Oliver Stone says regarding the economy is probably hazardous to your financial health. That a new Wall Street movie appears right now probably says more about the health of Oliver Stone’s balance sheet than that of anyone else.

[davelj]

If you bought the S&P 500 immediately PRIOR to the collapse in 1987 and held on for 10 years you earned over 14% annually. So, I’d say Oliver Stone was a contrary indicator the last time around.

Personally, I don’t expect the stock market to do well at all over the next decade. But paying attention to anything Oliver Stone says regarding the economy is probably hazardous to your financial health. That a new Wall Street movie appears right now probably says more about the health of Oliver Stone’s balance sheet than that of anyone else.

[davelj]

If you bought the S&P 500 immediately PRIOR to the collapse in 1987 and held on for 10 years you earned over 14% annually. So, I’d say Oliver Stone was a contrary indicator the last time around.

Personally, I don’t expect the stock market to do well at all over the next decade. But paying attention to anything Oliver Stone says regarding the economy is probably hazardous to your financial health. That a new Wall Street movie appears right now probably says more about the health of Oliver Stone’s balance sheet than that of anyone else.

[Author]

Posts