"Joe Sixpacks Guide to Financial Market Today!" (Financial Sense) Great!

[KoKo]

(A "Must Read" for all you folks who wonder about the Bush Stock Market!) You will get a "hoot and a howl" from this hilarious report on our American Market. It takes a little financial savy to be interested, but what a great read!) If you own stocks in your 401-K or whatever and feel Bush has a "BULL" market going....this will set you straight..I put it here in "GD" Forum, because the subject touches us all.
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At Bookstores Soon "Become Rich in the Stock Market
– Joe Six-Pack's Guide to the 2004 Stock Market" Bernard Goldberg

I’m going to write a book about the stock market. Why? It seems that everyone with a copy machine or the ability to put out a web site has a paid newsletter or internet site on how to make money in the stock market. My Yahoo e-mail is loaded with offers for stock tips for a monthly fee, and they seem to be growing at an exponential rate. I can hardly separate that stuff from the usual amount of internet Spam. The market is already too crowded there. The magazine sections of the bookstores are also loaded magazine-tabloids with stock investment ideas to “make money now”. The general theme seems to be, “Don’t miss out. Hop on the Bull Now!” Again, it’s a crowded market.

But I was surprised to see that the book section was pretty much free of this kind of soft covered garbage that populated the shelves during the Christmas season of 1999. Who could forget, Dow 36,000 and Rule Makers Rule Breakers? Now there is only a whole shelf of Suzie Orman. However, its not really clear to me as to why there are no books tailored for the current bull run; although my wife suggests that literacy is not a prerequisite and may even be a hindrance to doing well in today’s stock market.

In spite of this, I’m going to fill this void while making an honest buck in the process by writing a book. Who knows, with some luck, I could be the next Wade Cook. Of course, one week is not nearly enough time to produce an entire book unless I just write down what pops into my head without letting thought slow me down. So I am attempting to put together a table of contents and outline here and get the final book on the shelves by Christmas. It may be a last minute stocking stuffer. OK, it might be a bit late, but if my readers are right, and the rally continues because of underlying interventional forces in the stock market, sales should be brisk through the presidential election. (Although I disagree.)

Here is a working outline of the book:

Chapter 1 – Forget Fundamentals, “Just Do It”. This implores the readers that we are in a new and different type of bull market not seen since 2000. This time its different. There is a whole new set of criteria for determining stocks to buy and flip. The chapter will contain anecdotes about people like my dentist who, with are almost half way to recovering their losses in tech stocks. And recovery of the other half is just a few months away. The purpose of this chapter will be to give investors confidence to get their feet wet in the stock market again, and make them understand that stocks are like rare coins or paintings, where an illusion becomes real. P/E? Not important. Dividends? Never mind? Balance sheet? Are you kidding me? Profits? Yes, these are important. Its good to have some pro forma profit, but how much profit is unimportant. And pro-forma profits are (once again) as good as the real thing. The rational and effectiveness behind the greater fool theory will be explained and emphasized.

Chapter 2 – Greenspan Will “Put” Me Safely Into Retirement. I will present the case for the Fed refusing to allow the stock market to crash. The system has taken care of us baby boomers throughout history, and today is no different. Greenspan is described as the all knowing and powerful one. After all, if he wasn’t as brilliant as Wall Street makes him out to be then why does he get away with talking in tongues? This describes the tools possessed by the Fed to keep the stock market party going, while ignoring the long-term health of the economy, and ultimately the stock market. What tools are left? They are liquidity, talk, and unconventional methods; and he is running out of liquidity. The chapter will be about 15 pages and you should know that it would take you “a considerable period” to complete reading it.

(More and a hilarious but "commonsense read about the "market today.")
http://www.financialsense.com/Market/goldberg/2003/1217.html