89 Year Old Joe Granville has had some huge winners, but he was also bearish right into the teeth of 1p82 Bull market:
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
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"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Initial Jobless Claims for the week ended Feb 18th totaled 351k, 4k less than expected but the prior week was revised up by 3k to 351k. The 4 week average did fall to 359k from 366k, the lowest since Mar '08. Continuing Claims fell by 52k to the lowest since Aug '08. Also, Extended Benefits fell a net 69k. Bottom line, the data still points to a labor market that continues to improve however lumpy the process feels for many. ...
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January 23rd, 2012 at 8:04 pm
James Altucher: “The Dow’s Going to 20,000!”
January 23rd, 2012 at 8:53 pm
The only way the Dow falls 4000 points is a recession triggered by some means.
January 24th, 2012 at 6:20 am
[...] Dow 8000. He has an OBV index. I think it might stand for “Obama Brings Volatility”. We drop 4000 points only if Obama wins in November of 2012. ($SPY, $ES_F) [...]