Bob "The Skeptical Strategist" Janjuah Expects A 10% Market Correction

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Mon, 01/24/2011 - 12:10 | 898853 bonddude
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Barack Obama on bank fraud. 

http://www.xtranormal.com/watch/8287439

Mon, 01/24/2011 - 12:21 | 898902 bonddude
Mon, 01/24/2011 - 13:16 | 899090 Hedgetard55
Hedgetard55's picture

Hawaii Gov could not find a birth certificate for Barry.

Army LCOL remains in jail for doubting Obama's citizenship. What happens if he turns out to be correct?

 

Mon, 01/24/2011 - 15:00 | 899515 weinerdog43
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Who cares.

Mon, 01/24/2011 - 12:13 | 898864 Gaston
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Hard to think.... With the Fed pumping the ES (S&P 500 futures) with an endless supply of fiat dollars..... I dont see it happening, and 10%????? thats being way to modest.... try 15%.....

I think were going to break out of 1300 this week.... This is it.... Next time this market goes down, God help us.... I think the next big catalyst will be GG.....

Mon, 01/24/2011 - 12:21 | 898905 plocequ1
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This is just one man with one opinion that tries to show off  his Harvard  degree in economics. The fed will keep the market going to the moon. Im a dumb fuck with no Degree and no charts. I am nothing. It really doesn't take much to figure it out. Just common sense.

Mon, 01/24/2011 - 13:11 | 899077 SheepDog-One
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GG?

Mon, 01/24/2011 - 13:31 | 899145 Gaston
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Good Game...

Mon, 01/24/2011 - 13:56 | 899226 SheepDog-One
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Well it certainly will be interesting watching everyone running around like chickens with their heads cut off again, whenever 'it' happens some morning, or overnite when Asia market peg low and stay there.

Mon, 01/24/2011 - 12:13 | 898866 RobotTrader
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I wish these guys would stop coming out and predicting mini-crashes, flash crashes, corrections, etc.

Then the market would have a fighting chance of going down.

But with so many predicting it, the market keeps skying higher and higher.

Mon, 01/24/2011 - 12:27 | 898918 plocequ1
plocequ1's picture

Im with you. Its getting annoying. Blah, Blah Blah. Dow up 72. Blah..

Mon, 01/24/2011 - 13:15 | 899087 SheepDog-One
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Everyone slowly capitulating and easing into the 'dont fight the FED, DOW 20,000 comin soon' trade, the more it tells me all will be wiped out in an instant. Dance with the devil all nite, but dont come crying when you get 3rd degree burns, you should have known better.

Mon, 01/24/2011 - 14:24 | 899366 Minyan Vince
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I very much concur RT...we'll see, there are a lot of exhaustion warning signs out there but who knows with everyone expecting it

Mon, 01/24/2011 - 12:13 | 898867 JW n FL
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buy the new lows in europe... is what this means. for anyone who is confused...

Mon, 01/24/2011 - 12:19 | 898890 Sudden Debt
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I'm from Europe and let me tell you: YOU HAVE TO BE NUTS TO BUY EURO STOCKS. They are WAY overpriced and move like shit.

Mon, 01/24/2011 - 12:26 | 898930 JW n FL
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sorry... the euro, as in euro the dollar euro...

Mon, 01/24/2011 - 12:15 | 898875 Agent P
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Calling for a 10% correction after the run we've had isn't exactly going out on a limb.

Mon, 01/24/2011 - 12:19 | 898894 JW n FL
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at which point, do you think? the circut breakers will let it go any lower?

Mon, 01/24/2011 - 13:10 | 899073 SheepDog-One
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He's going out on a limb 24 inches in diameter and 2 feet off the ground here.

Mon, 01/24/2011 - 12:15 | 898876 RobotTrader
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Here is what I'm talking about.

Lots of top picking going on today.

Mon, 01/24/2011 - 12:45 | 898983 alien-IQ
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the market is just trading tick for tick with the dollar decline. there is no other mystery to this and no point in trying to invent one. how many times have we seen this already?: every time the market looks weak, shank the dollar. problem solved...of course, every solution breads a new problem...but the bernank does not care about the problems of the many only the wealth of the few.

welcome to Amerika.

Mon, 01/24/2011 - 12:17 | 898880 Prof Gulliver
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These "strategists" have been calling for 10 percent corrections every week since Dow hit 10K in August. It's up a relentless 20 percent since. When the Dow hits 20K, Janjuah and the rest will still call for a 10 percent correction. And when the Dow falls from 20K to 18K, they'll all heap praise on themselves for their great "strategic" predictions. Bunch of useless fools, every one of them. 

Mon, 01/24/2011 - 12:20 | 898895 JW n FL
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I am not them.

Mon, 01/24/2011 - 12:20 | 898897 JW n FL
JW n FL's picture

1,100 isnt 10% either...

Mon, 01/24/2011 - 16:04 | 899776 LowProfile
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Janjuah did?

Really?

Mon, 01/24/2011 - 12:17 | 898881 RobotTrader
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Another thing.

Guess what the two best performing groups are in 2011?

Solar stocks and PIIGS banks.  Yep the absolute "worst of the worst" is on fire.

And the worst performer is metals and mining.

Seems like if the market were to go down, the worst sectors would be underperforming.

Mon, 01/24/2011 - 12:23 | 898914 blackbox
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GS added FSLR to conviction buy list hence solars on fire today (and GS selling into it)

Mon, 01/24/2011 - 12:26 | 898933 thepigman
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Those are the only places that anyone's

short, Robo

Mon, 01/24/2011 - 12:29 | 898941 Cdad
Cdad's picture

Robo,

Either you are being disingenuous, or you don't know what you are talking about.  The Worst of the Worst stocks rally last...on short covering.  This usually marks the end of a rally.  And I add "usually" only because of Banana Ben Bernanke...otherwise I would say this marks the end of a rally.

 

Mon, 01/24/2011 - 12:39 | 898966 alter ego
alter ego's picture

Robo works for the Big Squid or maybe he is a

little misguided, or he can't see reality.

I think he should read Taleb's black swan and I

say this because he fits in the type of guy who

acts like the "turkey" instead of the "butcher".

He will find that reality is going to destroy all

those sand castle's portfolio built on Fed's

quantitative easing.

I rather hold my gains and loose a little bit

everyday and win big when the s.. hits the fan

instead that winning everyday and one day

loose it all.

 

Mon, 01/24/2011 - 12:48 | 898990 SheepDog-One
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Comical how everyone already has 2011 in the bag, 'All is well until maybe Q3, where we might get a 10% "correction", yea whatever my ass show me the correction, these guys are all full of crap and 'going out on a limb' thats only 2 feet off the ground and 24 inches in diameter. And BTW 10% aint SHIT!

Mon, 01/24/2011 - 13:18 | 899098 lieutenantjohnchard
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cdad, robo is like a sperm whale spouting in the ocean. he has no idea what he believes, nor is he consistent from post to post. i've read him for some time. he's all of 30% invested, scared to death he'll lose money even as he mocks bears. last week he was a pm bull, bear and bull again in successive posts. amazingly, there are folks here that actually believe him wise.

Mon, 01/24/2011 - 14:06 | 899288 Spitzer
Spitzer's picture

I think the point Robo is trying to get across is that the market is one big fucked up unpredictable mess.

thats what i gather

Mon, 01/24/2011 - 16:06 | 899782 equity_momo
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Not true.  Sounds like late cycle rotation. When the quality names are lagging and the junk is being bought in the search for yield "buy the dog" mentaility , you know youre close to the top.

Theres alot of stealth distribution going on. If you look beyond the cookie cutter charts you will see it.

Mon, 01/24/2011 - 12:18 | 898885 Lord Peter Pipsqueak
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"and much like last year we are going to be looking for QE3, and my concern is that the hurdle rate for further policy, fiscal and monetary, is much much higher."

How can there be any doubt?The Fed runs the show now,congress are mere bit players.They recently announced their plan to avoid going bust - just transfer the losses to the Treasury i.e the US taxpayer,so no matter how infinitessimally huge the losses get they won't be liable,apart from a few obscure web sites and ZH this did not get any main stream media coverage,and even if it did most sheeple would not even be able to grasp the significance of it. 

As this entire mess unfolds,the actions of the Fed become bolder and bolder,as each policy move or announcement is now made,it is seemingly greeted with an increasingly depressed atmosphere of fatalism.Nobody even queastions their actions anymore..QEX coming as and when required.

Mon, 01/24/2011 - 12:18 | 898886 buzzsaw99
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Captain Effing Obvious.

Mon, 01/24/2011 - 12:18 | 898887 Horatio Beanblower
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Hard to believe?

 


"A Co Monaghan (that's in Ireland, for the uninitiated) shopkeeper - who had never before been involved in property development - was given a loan of €32m to build a shopping centre, the Commercial Court has heard.

The Commercial Court heard that Zurich Bank is seeking the repayment of the money from Jim McConnon of Main Street in Castleblayney Co Monaghan.

The court heard that Mr McConnon built Castleblayney Shopping Centre, but has had difficulty letting all the units in the centre and could not repay the money."

 

http://www.rte.ie/news/2011/0124/mconnonj.html

 

The Austrian Business Cycle Theory springs to mind.

Mon, 01/24/2011 - 12:21 | 898901 Dr. Porkchop
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"..I think in Q2 and Q3 the grow slowly weakens,..."

That should be QE2 and QE3

Mon, 01/24/2011 - 12:24 | 898921 cougar_w
cougar_w's picture

Good catch. They will overlap almost perfectly.

Mon, 01/24/2011 - 12:22 | 898910 Gaston
Gaston's picture

http://www.apmex.com/Category/1188/Engelhard__Johnson_Matthey_Silver_Bars.aspx check it out, APMEX SELLING 100 OUNCE JOHNSON MATTHEY BARS FOR 1 cent an ounce over spot..... LOL, I think they have a glitch on their site.....

Mon, 01/24/2011 - 12:23 | 898915 cougar_w
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10% correction huh? So he's going to BTFD at that point? I wanna see that.

Mon, 01/24/2011 - 12:24 | 898920 Oh regional Indian
Oh regional Indian's picture

Jan Hoohah!
Feb Oh nose!
Mar The Ides Bite! Ouch!
APR Going sky high.

In flames. I think Da Bears are too afraid to really call it, having been wronged by the FED every time they wake up a bit.

Someone made a great comment on my blog, bears repeating:

I detest any comment like “bears have to get going”. Bears can only use gravity, not rocket launchers.

ORI

http://aadivaahan.wordpress.com/2011/01/21/accidental-lives/

Mon, 01/24/2011 - 12:25 | 898922 pat53
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This is EXACTLY why the markets will keep going higher. Air waves and press are filled to the brim with morons calling for an immediate and sharp correction.... see you at SPX 1350 in a few months ... LOL

Mon, 01/24/2011 - 12:58 | 899030 SheepDog-One
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A 'sharp correction' is 10% in a 40% overvalued market? Thats nothing but bullshit...there wont be any 10% correction there will be a total blowout of markets when the shit hits then fan suddenly 1 morning and no one will be abe to do anything about it! As soon as all the suckers are onboard that they can get, theyll pull the rug out leaving all the bagholders sucking paddy water. And I see that time as near, look around even all the bears are saying this just goes on forever, 100 points on the DOW daily to infinity as the bears all capitulate and say 'may as well join em if you cant beat em'...time draws near.

Mon, 01/24/2011 - 13:15 | 899089 pat53
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LOL, this is the same bullshit you were spewing at SPX 1050, when I told you it was going to 1100, and then at 1100 when I told you it was going to 1150, and then at 1150 when I told you it was going to 1200.....etc, etc,   Bottom line, is that you and all the doomers have been obliterated trying to fight the FED, instead of making money riding along. If you're that stupid you deserve to lose everything. WAKE UP ... LOL

Mon, 01/24/2011 - 14:02 | 899244 SheepDog-One
SheepDog-One's picture

OH right...you told me all that...problem is since you 'schooled me'  with all your FED wisdom Ive been putting it all into my farm land and more livestock which is up WAY more than your BS stocks. Good luck with your stocks which will be wiped completely out one morning soon genius.

Mon, 01/24/2011 - 14:08 | 899297 Spitzer
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INFLATIONIST DOOMERS (AUSTRIANS) ARE NOT BEARISH ON STOCKS, NEVER HAVE BEEN.

 

Mon, 01/24/2011 - 12:25 | 898924 scratch_and_sniff
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If he keeps saying Europe is closer to the endgame, he just might be right one day...lol he's shitting himself incase the big cuddly bear Gerry Adam's gets in, that's too funny. Get the Shinners in and lets default this bitch!

Mon, 01/24/2011 - 12:25 | 898927 Xibalba
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The Treasury, achem...I mean the Fed, will never let that happen.  No matter what. 

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