Dow Will Fall to 6,300 by Year End: Portfolio Manager

These jerk-holes get fired all the time. If he's missed the entire move than why not put it all on Red, and then run his flap on TV in a last ditch effort to save in job.

It's a coin flip bet. He can always get another job.


Quote from WallStWhizKid:

http://www.cnbc.com/id/33179408

“I think we go below the double dip,” Lekas told CNBC. “By year-end, we drop below 6,300 on the Dow and by 2011, we’re at 4,200.”
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Quote from WallStWhizKid:

http://www.cnbc.com/id/33179408

“I think we go below the double dip,” Lekas told CNBC. “By year-end, we drop below 6,300 on the Dow and by 2011, we’re at 4,200.”
More...

What an idiot. This is exactly what gets the investing public in trouble, listening to whimsical bears and their plans for a lower market. They just wish they would have covered at that level. That's all. It's not going there for...well, probably forever. The market won't ever become that irrational again, because that puts the price to book ratio at 0.5, which means you could buy the whole market, sell off everything, and double your money. That's the main reason we rallied this far, and it isn't that we rallied too far too fast than that we should have never gone to those levels in the first place. As Haines put it, "This is stupid."
 
Quote from Dr. Zhivodka:

These jerk-holes get fired all the time. If he's missed the entire move than why not put it all on Red, and then run his flap on TV in a last ditch effort to save in job.

It's a coin flip bet. He can always get another job.
More...

^Winnar.


/thread
 
When you average all the extreme bears with everyone else, you will find that such prognostication has no value

It is like psychics. They harp the prediction they accidentally got right, and are silent about the 50 they got wrong...
 
When it comes to physics getting one prediction right out of 50 is actually quite good.

Quote from TraderZones:

When you average all the extreme bears with everyone else, you will find that such prognostication has no value

It is like psychics. They harp the prediction they accidentally got right, and are silent about the 50 they got wrong...
More...
 
Quote from the1:

When it comes to physics getting one prediction right out of 50 is actually quite good.
More...

except they often make the predictions so broad (like Nostradamus), that they can be declared "right" in many different circumstances...
 
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