Who is Mr. Market?

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bigH
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Who is Mr. Market?

Post by bigH »

I've been reading postings on this board since gekko told me about it from another forum to check it out. Most people seem very knowlegable here and I've learned alot about Mr. Market. However, I have to say that the more I know about the Mr. Market the less I understand about him.

What I do know about him is this:

1. He is generally indecesive. Right now he is very indecesive.
2. He is very emotional at all times and needs professional help.
3. He is efficient to an extent, but has alot of room for improvement because #2 causes him to do stupid things.
4. He tends to be more positive about America than negative, which results in a loss of objectivity.
5. He's a know it all and thinks he can guess what the consumer will do next.

So why do we put our life's earnings in this guy's hands?

Please add to the list!
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ken250
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Post by ken250 »

The only time I'd put my life's earnings into Mr. Market's hands would be during the early and mid stages of a bull market.
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drjdpowell
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Re: Who is Mr. Market?

Post by drjdpowell »

bigH wrote:5. He's a know it all and thinks he can guess what the consumer will do next.
Actually, Mr. Market doesn't think he knows much about the future at all. That's why his opinion can change so easily; he has little confidence in his own current best estimate. Predicting the future is very hard.

-- James
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bigH
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Post by bigH »

I thought of one more I'd like to add

6. He thinks the rules of the game will always change in his favor. (the most dangerous of all)
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nisiprius
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Re: Who is Mr. Market?

Post by nisiprius »

bigH wrote:So why do we put our life's earnings in this guy's hands?
7. He's a big celebrity and idolized by a huge, cult-like following.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
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baw703916
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Post by baw703916 »

I think that Mr. Market should forget about gold for the moment and invest in some lithium. :-)

Best wishes,
Brad
Most of my posts assume no behavioral errors.
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stratton
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Post by stratton »

A manic-depressive person who will buy stocks at any price one day and dump them the next, "No price to low, make an offer!"

Paul
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cato
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Post by cato »

He's got a fat tail.
Citigroup delenda est.
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ken250
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Post by ken250 »

mr market, the master of buy high sell low
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White Coat Investor
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Post by White Coat Investor »

baw703916 wrote:I think that Mr. Market should forget about gold for the moment and invest in some lithium. :-)
stratton wrote:A manic-depressive person who will buy stocks at any price one day and dump them the next, "No price too low, make an offer!"
Mr. Market got off his lithium in August. In late October he started dabbling in cocaine. His last batch of crack was laced with LSD.
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course
Ricola
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Post by Ricola »

Mr Market is the Great Humiliator :!:
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ken250
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Post by ken250 »

only for those who invest with him
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iceport
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Post by iceport »

EmergDoc wrote:
baw703916 wrote:I think that Mr. Market should forget about gold for the moment and invest in some lithium. :-)
stratton wrote:A manic-depressive person who will buy stocks at any price one day and dump them the next, "No price too low, make an offer!"
Mr. Market got off his lithium in August. In late October he started dabbling in cocaine. His last batch of crack was laced with LSD.

:shock: Wow. I just caught a glimpse earlier of Dick Morris calling the worldwide level of debt the "heroine" that the market's been hooked on, and a proposed stimulus package as "methadone". This Mr. Market sounds like one sick puppy. :roll:
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stratton
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Post by stratton »

EmergDoc wrote:
baw703916 wrote:I think that Mr. Market should forget about gold for the moment and invest in some lithium. :-)
stratton wrote:A manic-depressive person who will buy stocks at any price one day and dump them the next, "No price too low, make an offer!"
Mr. Market got off his lithium in August. In late October he started dabbling in cocaine. His last batch of crack was laced with LSD.
Ok, you win. That's the best description!

Paul
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Petrocelli
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Post by Petrocelli »

Actually, Mr. Market has been on cocaine since about 1998.

He went in to detox last year.

He is now sane again.
Petrocelli (not the real Rico, but just a fan)
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baw703916
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Post by baw703916 »

EmergDoc wrote:His last batch of crack was laced with LSD.
Maybe he'll start hallucinating that the economy is recovering. ;-)

Brad
Most of my posts assume no behavioral errors.
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tetractys
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Re: Who is Mr. Market?

Post by tetractys »

bigH wrote:So why do we put our life's earnings in this guy's hands?
Because he is really a she.
RESISTANCE IS FRUITFUL
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Dale_G
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Post by Dale_G »

According to Pogo: "We Have Met The Enemy and He Is Us".

Some have thick wallets or lines of credit, others don't. Some have fast computers crunching billions of numbers, others don't. Some have brains and use common sense, others don't. Some are greedy, and others are fearful. Some have long term horizons, others immediate.

Mr. Market is a maelstrom, all of these people pushing and shoving, jockeying for position in order to better their circumstances in the future.

Mr. Market is us.

Dale
Volatility is my friend
SP-diceman
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Post by SP-diceman »

So why do we put our life's earnings in this guy's hands?
Over the long-term Mr. Market has done the
best job of beating inflation.

He probably will in future years. The problem is
our clock is a lot faster than his and sometimes
we don't have the patience to wait.


Thanks
SP-diceman
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