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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: TH who wrote (101851)3/3/2009 11:36:18 AM
From: LTK007  Read Replies (1) of 110194
 
A for instance Faber agrrees TOTALLY with Alan Newman that there can NOT be another capitulation downmove BECAUSE that already happened in November, that all the sellers have sold.
While Faber strongly supportsd Newman's view, i say they are behaving like the Market behaves in with accuracy of Newtonian Laws.
There was capitulation in November, therefore the market can NOT go lower than in November.

Well in of spite their certainty, it has--Barton Biggs was buying hand over fist in December.
But Barton Biggs stated "But the market is Sadistic Beast and i might get hit."

i will note, Faber, did say, as he almost always says. "i could be quite WRONG".

i have heard and read Faber only give one ABSOLUTE CERTAINTY call ever, and that is his early this year saying "i guarantee the U.S.A. will go bankrupt"
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