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Another bear gets carried out, as the S&P's close over 1450 has Bob Janjuah backing off his...

Another bear gets carried out, as the S&P's close over 1450 has Bob Janjuah backing off his call for stocks to lose maybe 25% of their value by year's end. Tactically neutral at the moment, Janjuah says risk assets are in a bubble, and a weekly close below 1450 might have him short again with the modest target of 800.
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Comments (8)
  • Stone Fox Capital
    , contributor
    Comments (6250) | Send Message
     
    Risk assets are nowhere near a bubble. Most of the market gains have come from the conservative, dividend paying stocks. That call is absurd!
    24 Sep 2012, 03:05 PM Reply Like
  • bbrady413
    , contributor
    Comments (757) | Send Message
     
    The S&P to lose 45% of its value? Oogie. I love the SA sarcasm, a "modest" target of 800.
    24 Sep 2012, 03:14 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    Over-extended ... Maybe

     

    Bubble ...............No
    24 Sep 2012, 03:18 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (883) | Send Message
     
    It's guys like this who have been predicting Dow 8000 since mid-2010. Has this idiot ever heard of running with a rally and then selling once the tide turns for a handy profit? Apparently not? Nice move genius. You just missed one of the greatest equity moves in the history of the planet.

     

    Only speaking for myself here, but I wouldn't let this bonehead ANYWHERE NEAR my money.
    24 Sep 2012, 03:20 PM Reply Like
  • JB Murphy
    , contributor
    Comments (88) | Send Message
     
    How did he miss anything with a call made on Monday?
    25 Sep 2012, 06:26 PM Reply Like
  • David S. Batchelder
    , contributor
    Comments (11) | Send Message
     
    It only helicopter Ben, with low interest. Where else can you put your money, real estate is bottom bouncing. Still good return.
    24 Sep 2012, 04:16 PM Reply Like
  • tradeonline.ca
    , contributor
    Comments (15) | Send Message
     
    I closely monitor the TSX Index. Risk-on trades including metals, oils and Lifecos have done relatively nothing in the latest rally and are now turning over for the next near-term down leg. Take a look at the sad looking chart for the TSX Index. It gave up the excuse for a rally at 12,500

     

    http://bit.ly/SiTBNa
    24 Sep 2012, 06:32 PM Reply Like
  • Cotton57
    , contributor
    Comment (1) | Send Message
     
    To use a baseball term......a swing and a miss!
    24 Sep 2012, 07:04 PM Reply Like
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