What the Auction Business Needs: A Sustained Stock Market Rally

re: What the Auction Business Needs: A Sustained Stock Market Rally

Dino Romano — Mon, 25 Oct 2010 07:25:12 GMT

There is a very interesting historical link between increases in yearling markets and THEN stock market rallies. The exact opposite of what USA Today suggests.

In fact it is one of the most accurate barometers of upcoming stock rallies.

The people that move yearling prices upward don't buy horses when they think there WILL be a rally, they buy when they KNOW they are in a rally.

Step up and catch some of the market movement back to 14,000++.

After that...it's anyone's guess.

re: What the Auction Business Needs: A Sustained Stock Market Rally

Satch — Thu, 30 Sep 2010 23:09:07 GMT

The averages were probably up at Keeneland because the alternative investment opportunities are no better - the stock market has experienced incredible volatility, treasury yields are minimal with little upside, and gold and silver are at all-time highs. Might as well buy an expensive lottery ticket known as a racehorse.

re: What the Auction Business Needs: A Sustained Stock Market Rally

captainobvious — Wed, 29 Sep 2010 16:12:02 GMT

Really??? Ya Think???

re: What the Auction Business Needs: A Sustained Stock Market Rally

FourCats — Tue, 28 Sep 2010 21:14:15 GMT

Horse racing has been in decline now for decades due to bad management, poor customer service/dirty facilities, poor marketing, poor promotion, lack of innovative thinking, poor organization, poor economic model, fractured industry groups and state goverments treating racing as a cash cow. During that time, the economy has been both up and down. A down economy may depress racing somewhat. But racing's leaders need to stop blaming external factors for racing's decline and start doing the things that any business in any industry needs to do to grow their industry and thrive (ie. promotion/marketing, customer service, clean and classy facilities and innovative thinking). Improvement in horse auctions will follow if the racing end moves towards prosperity. And, for pity's sake, stop thinking that slot machines will save racing. Slot machines are not horse racing, and the only long-term result of slots will be that racing will be thrown aside.

re: What the Auction Business Needs: A Sustained Stock Market Rally

Carole Hemingway — Tue, 28 Sep 2010 20:55:55 GMT

Amen to Johann's Comment. We won't see prosperity in this country until at least 2016...

Carole Hemingway

Freeport, Maine

re: What the Auction Business Needs: A Sustained Stock Market Rally

Johann — Tue, 28 Sep 2010 14:45:59 GMT

Anyone who believes the stock market will rally to prosperous heights as a result of the Federal Reserve coordinating with the Treasury Department to continue with their efforts to plow funds into trading stocks through Goldman Sachs and "black box" trading practices is grossly mistaken.

re: What the Auction Business Needs: A Sustained Stock Market Rally

Trebloc — Tue, 28 Sep 2010 13:22:52 GMT

The USA Today? That takes a total of five minutes to read. The NY Times, Wall Street Journal, and DRF are the only real newspapers left!