Saturday, February 12, 2011

A Broken Clock is Right Two Times a Day

How Now, 36,000 Dow? The Ominous Undertone of Rallies

Bottom line is that nobody knows what the market is going to do. Just by the law of averages somebody will predict major moves in the markets. We predicted on Fox News that the market would continue to go down in March 2008 when it looked like the market was recovering and we predicted on in October of 2008 that the Dow would drop to 7200 (it eventually went below that). That doesn't mean we will get the next one or the one after that. History is littered with people who got famous from one call and never got anything right again.

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