Roubini has been predicting a recession and Dow 5k since 1997. I think everybody has forgotten he is a pariah and has only gotten attention lately because he was finally right about an oncoming recession.
But, But, But.... Jim Cramer said there weren't much Short Covering today! He's ALWAYS right! :)
We will have another "sucker's rally" and triple bottom (as we did in late 2002 and early 2003) before we're back off to the races. In the meantime I'm selling into the rally, and shorting on the way down with SDD, all while steadily building a war chest for 2009... :)
Monday's Options Recap [View article]
Even a broken clock is right twice a day.
Financials Future Still Uncertain [View article]
Short Covering Helps Boost Stocks [View article]
We will have another "sucker's rally" and triple bottom (as we did in late 2002 and early 2003) before we're back off to the races. In the meantime I'm selling into the rally, and shorting on the way down with SDD, all while steadily building a war chest for 2009... :)