To Heck with Fundamentals: Dow 11,000 Is Up Next [View article]
I called the market to launch in February, and it took off only 6 days later. I had chosen Valentine's day simply because it was a holiday- and a "ground piece" for my article. My call for the long bull market run was spot on (which was the focus of my piece).
Furthermore, if you read all of my articles here and elsewhere- my stock calls have now AVERAGED an almost 4x move, including calls made during extremely dire market conditions (calls which had been met at that time.with equal derision as per some of the comments to the above article).
When I write these kinds of articles- such as my Dow 11k- I always expect to get the typical snide comments from the usual suspects...amateurs (usually from traders who lost their shirts or were well behind the curve- or at very least, from those who are clueless as to how the markets really work)..
Yet my record speaks for itself...
BTW- here's an interesting article for you to read, which I wrote in early December 2008...(although it might be somewhat over your head).
> You called bull market in February. So your call was wrong. > > Now you are more careful and just call DOW 11,000 "on the next stop" > (tomorrow?, a month from now?, 10 years from now?). You should go > read "DOW 36,000" book, its author still claims he was right since > he didn't say it will hit 36,000 either. > > On a positive side of things, it is your probably kind that creates > an opportunity for "alpha" for decent money managers. > > I agree with many posters here. When the dumb money is irrationally > exuberant, it is probably time to sell.
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Latest | Highest ratedTo Heck with Fundamentals: Dow 11,000 Is Up Next [View article]
Furthermore, if you read all of my articles here and elsewhere- my stock calls have now AVERAGED an almost 4x move, including calls made during extremely dire market conditions (calls which had been met at that time.with equal derision as per some of the comments to the above article).
When I write these kinds of articles- such as my Dow 11k- I always expect to get the typical snide comments from the usual suspects...amateurs (usually from traders who lost their shirts or were well behind the curve- or at very least, from those who are clueless as to how the markets really work)..
Yet my record speaks for itself...
BTW- here's an interesting article for you to read, which I wrote in early December 2008...(although it might be somewhat over your head).
Link- www.cnbc.com/id/28113580 / www.cnbc.com/id/25263628/
On Oct 19 11:02 PM DrBenway wrote:
> You called bull market in February. So your call was wrong.
>
> Now you are more careful and just call DOW 11,000 "on the next stop"
> (tomorrow?, a month from now?, 10 years from now?). You should go
> read "DOW 36,000" book, its author still claims he was right since
> he didn't say it will hit 36,000 either.
>
> On a positive side of things, it is your probably kind that creates
> an opportunity for "alpha" for decent money managers.
>
> I agree with many posters here. When the dumb money is irrationally
> exuberant, it is probably time to sell.
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