Mark Cook Predicts S&P500 -22% Correction in 2011

[Trader666]

Of course we'll have a correction. We always do. But Cook's been saying the market's overbought based on his CCT since at least September (that's as far back as I looked).

Quote from HeSaidSheSaid:

http://blog.markdcook.com/

 

[Pekelo]

Of course, timing is everything. Giving a 12 months timeframe is not timing, thus making calls like this is worthless....

Quote from bearmountain:

Goldman Sachs thinks mkt will go UP 20% in 2011.

And the 2 calls don't need to be contradictory! We could go up 10%, then drop 22% then rally back another 35% and voila! both calls got fullfilled...

Unless Mark tells us which month the drop will occur, the call is pretty much worthless.....