Who is Mr. Market?

bigH · Post by **bigH** » Mon Nov 24, 2008 8:18 pm

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!

ken250 · Post by **ken250** » Mon Nov 24, 2008 8:27 pm

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.

drjdpowell · Post by **drjdpowell** » Mon Nov 24, 2008 8:28 pm

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

bigH · Post by **bigH** » Mon Nov 24, 2008 8:39 pm

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)

nisiprius · Post by **nisiprius** » Mon Nov 24, 2008 9:53 pm

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.

baw703916 · Post by **baw703916** » Mon Nov 24, 2008 9:58 pm

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

Best wishes,
Brad

stratton · Post by **stratton** » Mon Nov 24, 2008 10:12 pm

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

cato · Post by **cato** » Mon Nov 24, 2008 10:12 pm

He's got a fat tail.

ken250 · Post by **ken250** » Mon Nov 24, 2008 10:18 pm

mr market, the master of buy high sell low

White Coat Investor · Mon Nov 24, 2008 10:23 pm

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.

Ricola · Post by **Ricola** » Mon Nov 24, 2008 10:29 pm

Mr Market is the Great Humiliator

ken250 · Post by **ken250** » Mon Nov 24, 2008 10:35 pm

only for those who invest with him

iceport · Post by **iceport** » Mon Nov 24, 2008 10:36 pm

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.

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:

stratton · Post by **stratton** » Mon Nov 24, 2008 10:36 pm

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

Petrocelli · Post by **Petrocelli** » Mon Nov 24, 2008 10:45 pm

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

He went in to detox last year.

He is now sane again.

baw703916 · Post by **baw703916** » Mon Nov 24, 2008 11:06 pm

EmergDoc wrote:His last batch of crack was laced with LSD.

Maybe he'll start hallucinating that the economy is recovering.

Brad

tetractys · Post by **tetractys** » Mon Nov 24, 2008 11:30 pm

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

Because he is really a she.

Dale_G · Post by **Dale_G** » Tue Nov 25, 2008 12:07 am

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

SP-diceman · Post by **SP-diceman** » Tue Nov 25, 2008 12:30 am

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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Who is Mr. Market?

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