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Media Appearance: Kudlow & Company (8/28/07)
Posted By Barry Ritholtz On August 28, 2007 @ 4:15 pm In Media | Comments Disabled
Tonite, its the regular show with Larry back from vacation. My pal Herb Greenberg of Marketwatch is on, as is Keith Wirtz of Fifth Third Bancorp.
Special appearance tonite: Dennis TOP TICK Kneale.
You may recall that the last time Dennis and I were on together, he pounded his chest about how right his uber-bullish calls were — on July 17, 2007. Two days later, the market topped and rolled over. Yes, thats correct, Dennis Kneal’s hubris-filled chest pounding PRECISELY nailed the market’s recent top.
"It is inevitable that when a scribbler who does not manage money for a
living begins to pound his chest about calls he made — economic calls
that have so far proven to be incorrect — we are seeing a warning
sign. When the crowing has been emboldened by a 1,400 point market
run, all it means is that we were overdue for some sort of correction."
-The Dennis Kneale
Correction Top ! 
The moral of the story: NEVER MAKE THE TRADING GODS ANGRY !
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2007/08/media-appearance-kudlow-company-82807/
URLs in this post:
 Image: http://moneycentral.msn.com/content/CNBCTV/TV_Info/P12129.asp
 As I noted the very next day: http://bigpicture.typepad.com/comments/2007/07/the-dennis-knea.html
 Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/2007/08/28/dennis_kneale.png
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