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To: Dennis Roth who wrote (138072)7/24/2010 4:32:12 PM
From: Dennis Roth  Read Replies (1) | Respond to of 206325
 
Oh no..., he did it again!
Addendum:
Just found this, too late to make the edit window of my previous post.
Jim Kunstler's Dow Forecast for 2010.
kunstler.com
You guessed it, Dow 4000 again.

"I'll take another leap of faith and say that 6600 was not the bottom for the Dow. I've said Dow 4000 for three years in a row. Okay, my timing has been off. But I still believe this is its destination. Given the currency situation, and the dilemma of no-growth Ponzi economies, I'll call it again for this year: Dow 4000. There, I said it. Laugh if you will..."

At least he's consistent.

There are those who would misteach us that to stick in a rut is consistency--and a virtue; and that to climb out of the rut is inconsistency--and a vice.

...I am persuaded that the world has been tricked into adopting some false and most pernicious notions about consistency--and to such a degree that the average man has turned the rights and wrongs of things entirely around and is proud to be "consistent," unchanging, immovable, fossilized, where it should be his humiliation.

Mark Twain - Consistency speech, 1887
twainquotes.com