re: Greg has sorely been wrong on this downturn.
You such swell guy.
Mish as been right, then wrong, then right, then wrong on and and and on. Do I care. No! I'm I pointing it out over and over again. No. What's the purpose doing so? Why does one need to do that? Are you developing a Mark Johnson mode and his Zeev fixation?
Go look at Vendit's thread for my latest call from last week. I believe if the retest doesn't hold we will go to 1300, and I'll add this. I think the DOW needs to drop 300 to 400 point to join the rest of the averages before the market can bottom, I think the DOW is starting doing that right before our eyes. I don't think the market will come back for 3 to 4 years in meaniful way, I said that months ago. I still think watching CSCO as the harbinger to the market is the correct and easy method to understanding market direction.
In the mean time I will continue to look for plays that give me 10 to 20% gains, such as EXPE, MOVI, JNJ, DOL, NVDA have. I think my current pick ILUM might be able to join those and all along I'll short, such as I have MOVI, and of course the QQQ, which I'm not short at the present time. If I screw up, I sell before it turns into a 6 to 8% loss. Why am even bothering to post back? Why? Because I must like you for some unknow strange connected Chicago way. LOL
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