George Costanza: “My life is the opposite of everything I want it to be. Every instinct I have, in every part of life, be it something to wear, something to eat … It’s all been wrong.”
In a classic episode of Seinfeld called The Opposite, perma-loser George Costanza comes to the realization that if he would just act completely contrarily to his own instincts, things would begin to go his way.
Jerry Seinfeld: “If every instinct you have is wrong, then the opposite would have to be right.”
One cannot help but see the parallels between George’s epiphany and the paradox of the high beta market rally that has left even the most experienced players in utter disbelief.
Think about how rewarding it’s been for traders who have completely violated any sense of prudence or market savvy:
*AIG ($AIG) barely avoids liquidation – buy it and enjoy percentage gains in the thousands!
*Unemployment remains at around 10%, inital jobless claims are still climbing – so buy some specialty or even luxury retailers!
*Mortgage rates are inching higher and housing has not truly bottomed – so snag some Hovnanian ($HOV), some lumber names and why not a little Home Depot ($HD).
*Oil breaks out above $85 – and the airlines go wild!
*Congress passes a de facto takeover of Healthcare – OMG! Healthcare stocks are rallying on the news of their newly subjugated status!
*Commercial RE is a time bomb – REITs! I gotta have more REITs!
We can document dozens of these types of paradoxical setups. Investors are taking almost any opportunity to do the opposite of what they’d normally be expected to do. If everyone in the market is a contrarian, is the true contrarian the non-contrarian? Heh – “Whaaaaat is the deeeeaal with contrarians?” Thanks, Jerry.
If Georgie was running a hedge fund right now and abiding by his counterintuitive life strategy, he’d be absolutely killing it.
George Costanza: “I tell you this, something is happening in my life. it’s all happening because I’m completely ignoring every urge towards common sense and good judgment I’ve ever had. This is no longer just some crazy notion. Jerry, this is my religion!”
despite the fact that sites we backlink to under are considerably not connected to ours, we really feel they are really truly worth a go via, so have a look
Hey! I know this is somewhat off subject but I was questioning which blog system are you using for this internet site? I’m getting sick and tired of WordPress simply because I have experienced problems with hackers and I’m looking at options for an add…
Superb blog! I discovered it while surfing about on Yahoo Information. Do you have any tips on how to get shown in Yahoo News? I have been trying for a although but I never appear to get there! Cheers
Great website! I discovered it while surfing all around on Yahoo Information. Do you have any suggestions on how to get listed in Yahoo News? I’ve been striving for a even though but I never seem to get there! Cheers
I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
Get a Full Investor Curriculum: Join The Book List
Every month you'll receive 3-4 book suggestions--chosen by hand from more than 1,000 books. You'll also receive an extensive curriculum (books, articles, papers, videos) in PDF form right away.
car leasing
[…]although sites we backlink to below are considerably not related to ours, we really feel they are truly worth a go by, so have a look[…]
stock market
[…]Every as soon as inside a though we pick out blogs that we read. Listed below would be the most recent web-sites that we select […]
ira
[…]Sites of interest we’ve a link to[…]
Prijs vergelijken
[…]that will be the finish of this article. Right here youll find some sites that we believe youll appreciate, just click the hyperlinks over[…]
تبلیغ در گوگل ادوردز
despite the fact that sites we backlink to under are considerably not connected to ours, we really feel they are really truly worth a go via, so have a look
خرید طلا
Hey! I know this is somewhat off subject but I was questioning which blog system are you using for this internet site? I’m getting sick and tired of WordPress simply because I have experienced problems with hackers and I’m looking at options for an add…
hunting gifts
[…]Here are several of the web-sites we advocate for our visitors[…]
hulu prepaid
[…]please visit the web-sites we comply with, such as this one particular, as it represents our picks in the web[…]
Amazon Mentor
[…]check beneath, are some absolutely unrelated web-sites to ours, even so, they’re most trustworthy sources that we use[…]
تبلیغ در گوگل ادوردز
Superb blog! I discovered it while surfing about on Yahoo Information. Do you have any tips on how to get shown in Yahoo News? I have been trying for a although but I never appear to get there! Cheers
FS 19 mods
[…]that may be the end of this write-up. Here you will come across some web-sites that we consider youll appreciate, just click the links over[…]
http://jerseycity-exterminator.com
[…]always a significant fan of linking to bloggers that I like but do not get a lot of link enjoy from[…]
تبلیغ در گوگل ادوردز
Great website! I discovered it while surfing all around on Yahoo Information. Do you have any suggestions on how to get listed in Yahoo News? I’ve been striving for a even though but I never seem to get there! Cheers
sheet plaster
[…]The information and facts talked about in the post are a number of the very best obtainable […]
smm panel
[…]please pay a visit to the internet sites we follow, which includes this a single, as it represents our picks through the web[…]