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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hank Scorpio who wrote (15794)4/11/2014 1:39:47 PM
From: cmg1 Recommendation

Recommended By
Hawkmoon

  Read Replies (2) | Respond to of 33421
 
Faber is the kind of guy that you can flip a coin with....he'll be right sometime but mostly he is wrong. Just look at his track record over the past 5 years.



To: Hank Scorpio who wrote (15794)4/11/2014 2:28:32 PM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
Hi Gtober, I'll be happy if we go to the SPX 200 DMA at 1761... or 1737 the Feb low.... but I see the potential for much greater risk

as Faber says.......
"This year, for sure—maybe from a higher diving board—the S&P will drop 20 percent," Faber said, adding: "I think, rather, 30 percent. Who knows. But all I'm saying is that it's not a very good time, right now, to buy stocks."


and I agree with this statement very much

JJP


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