[$tinkle]

but today's loss in the s&p 500 isn't:

http://www.marketwatch.com/story/sp-500-is-on-uncertain-footing-2010-06-01

is there any "science" to this voodoo?

 

[dante]

Actual wizardry in determining when 100% independent markets either reach a ceiling or floor and predicting what happens next? No.

Thousands of hedge-fund managers and traders engaging in a self-fulfilling prophecy? Yep.

 

[Westy]

This must be the implosion Stoney has been predicting for the last 421 months.

 

[ohio]

Tesla closed up 41% on their first day in play. Not bad for the first American automaker to hit the market since Ford in the 50s (and a company that has never turned a profit, and who's founder is broke on paper despite "being the inspiration for Tony Stark")

 

[ohio]

This must be the implosion Stoney has been predicting for the last 421 months.

But he was right about the one obscure thing that only he and Dante understand, so we should be sure to thank him for convincing us to take all of our money out right at the trough of the curve last May.

 

[dante]

But he was right about the one obscure thing that only he and Dante understand, so we should be sure to thank him for convincing us to take all of our money out right at the trough of the curve last May.

In all fairness, I believe that he was 100% right in Sept '08 right before the market completely cratered.

Unfortunately, he's also been 100% wrong since then, predicting first that we were going to go way way way below 6000 on the DOW, and then predicting that the recovery was going to run out of steam long before it did, and then predicting that we're on our way back below 6000.

That's the problem with being 100% bearish (or 100% bullish), you're right every once in a while, just like a stopped clock...