Chicken Little, or not, RBS warns of CRASH !

Quote from S2007S:

Anyone in question about revisiting march lows....


Have been watching those discussions on cnbc and all other financial channels and have to laugh at about 95% of them who actually think the market is done correcting, especially those pathetic fools on kudlows discussion panel, only one I give credit to is JOE BATTIPAGLIA, he is the only one that I can say has been right about this fall. A couple of weeks ago he was on and everyone was bashing the guy for being bearish, thats when the dow was around 12500-12700, especially Donald L. Luskin.

No one comprehends that we are in a bear market and a recession.


These people aren't stupid, but there is a reason why most of them, and CNBC itself is bullish.

Its their JOB to be bullish. if they run funds, or work for a broker, they are not going to give dire news as this takes money out of their pocket. Its like the NRA on real estate prices. this is also why Kudlow is almost always bullish. his ratings depend on it (he has great ratings). on very rare occasions, he will give recession scenarios just to keep some credibility, but he never sticks to it for more than a few days.

BTW, Kudlow was bullish throughout the entire tech wreck. people who listened to him lost millions. I personally know a person who made 5 million in options on the way up courtesy of Kudlow, and then lost every penny on the way down. She continually worshiped kudlow till her account was tapped out. This was with her trader son telling her EVERY DAY to get flat or short.

These guys have vested interest in their predictions. ignore them.
 
Quote from S2007S:

Anyone in question about revisiting march lows....

No one comprehends that we are in a bear market and a recession.

Why do you care?
You don't even trade.

All you do is spend the entire day watching CNBC and posting "cut and paste" articles on ET that agree with your bias.

You don't use technicals.
You don't use any stop-losses.
All you do is "paper-trade" and post on ET.

How much does Baron pay you per post?
:p
 
Quote from Digs:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/cnrbs118.xml

RBS issues global stock and credit crash alert By Ambrose Evans-Pritchard

Last Updated: 11:44pm BST 17/06/2008

"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.
Wasn't Janjuah the credit strategist for Bear Sterns before it went down for the count?
Janjuah leaves ABN Amro as head of credit strategy.
Financial News, March, 2004

Byline: Alina Sarantis

Bob Janjuah has left as head of credit strategy at ABN Amro. Sources close to him said he had left to join Bear Stearns. A spokesperson at Bear Stearns declined to comment.ABN Amro said Janjuah left last week after six months in the role. He had joined the bank in 2001 as head of credit trading strategy.
 
Quote from S2007S:

You will see

UYG back above $35

SMN back above $35

DUG back above $35

I will see some great profits

You will see...

Ill keep you posted.

Im averaged in UYG, SMN and DUG at the moment.


Please POST a photo of your screen shot with these positions.

Thank You.
 
Quote from stock_trad3r:

Does any pone have any links to media of Kudlow being bullish during the dotcom crash?

He was. I was trading throughout the entire thing. He was just as bullish then as he is now. Anyone who listens to this guy deserves to lose all their money on the first serious downturn.
 
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