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David Kostin's March 13 "S&P 1,300 By June 30" Call Is Only 30% Off
On March 13, David Kostin boldy went where A. Joseph Cohen has gone so many times before, by becoming the best contrarian indicator around. To wit: "Investors we met this week remain bullish in both outlook and
positioning, consistent with our view. We expect S&P 500 to
rise to 1300 by mid-year (+13%), before ending 2010 at 1250 (+9%)." Kostin missed his target by 30% in 3 months. We are not sure if even his equally capable predecessor, AJ Cohen, was as skilled at so wholesomely raping and pillaging the P&L of the firm's few clients who still are terrified to utter a squeek of disapproval against the monopolist for fear of losing those oh so precious trading axes, formerly rightfully belonging to GS archrivals Lehman and Bear Stearns. Luckily, we have Christine Varney keeping an eye on such market monopolistic behavior.
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I've yet to drown in bullshit because I refused to wade in it.
-----Rainman
Snicker. Cohen's bitch. Snicker.
Give it time. There's still 4 hours to midnight Eastern.
+1 LMAO! God's work must be done... LOL
+100.....post of the day !!
You say that now, but we have yet to see Leo's retort.
Tyler, good work. Now you should get some rest. There are big days ahead.
"A. Joseph Cohen", very nice, wish I'd thought of that. Probably de rigeur around here but I'm a relative newbie.
Just another prognosticator who misses the mark by a mile. One step above (below?) my local weather forecaster. I prefer to get my financial forecasts from The Amazing Kreskin or Youree Dell Harris aka Miss Cleo.....
http://www.cnbc.com/id/37555862/Recovery_on_Track_Worst_Priced_In_Goldma...
June 7
""Potential bad news even under the most unlikely scenarios are discounted in share prices here and in Europe," she said."
Actuallly, they nailed gold at $1,260.
maybe JPM gave them some insider info :-)
Futures are getting hit a little after hours, some negative news on China manufacturing. Those decoupling people are going to get their asses handed to them just like the Cohen and Kostin crowd.
You need massive amounts of USDs to run the global system but the fuel in the USD tank is dried up. Tick tock. The illusion of prosperity is coming to an end. They will try and change the rules again and again they will all fail this time.
Within 10 quarters the US credit system went from an annualized request of new credit rate of $4.7T to -$800B, that is a whopping $5.5T difference in less than 2.5 years. US consumer requesting the commercial banks create new credit has been what has produced the illusion of temporary prosperity to the world. Now it's game over, the price will be paid for the lie.
Looks like the FinReg Bill is going to pass, aka the taxpayer sodomy act.
This will pump up the market tomorrow. All planned unless the squid says nyet.
Here's a new prediction to keep an eye on: Cramer calling for Citigroup at $12.
(http://www.timesoftheinternet.com/briefs/citigroup-inc-nysec-stock-chart...)
Implying an eventual market cap of $340 billion for C, this is clearly an entirely well-thought out forecast.
(Maybe Cramer is anticipating a 4:1 consolidation?)
On May 4th I called the end of the March 2009 bear market rally.
The proprietary indicators I use in my technical analysis can identify trend changes before they occur.
http://stockmarket618.wordpress.com/about
I called the 1220 top back in March. I called exactly 1220. The top was 1219.8. I'm the shit.
I'd link to my blog, but it uses my real name, which I don't want certain people on the internet to know.
Here is something just released from NASDAQ:
The Bull Isn't Dead … Yet
Posted 7/1/2010 7:45 AM by Sam Collins
"Here is the way I read the current outlook: Following a further swift decline, new money from institutional investors may be put to use early in Q3, driving prices back up through the "neckline," and perhaps to the S&P's 20-day moving average, or even the 200-day moving average. If that occurs, look for another downside reversal that could test yesterday's break. It is that decline that will tell us if we have broken into a new bear market. But if the S&P and its companions fail to rally, drive immediately lower and establish losses of 3% below their respective necklines, then the bull will be dead and a new and ferocious bear will tear into the market."
http://community.nasdaq.com/news/2010-07/the-bull-isnt-dead-hellip-yet.a...
To be fair, the "gold to 2000 by June" crowd on zerohedge the last time gold was at 1220 was 60% off.
Don't even get me started about the people that said it would be 5000 (or in Cheeky's case, 50000) by now...
I'd rather be correct eventually than never.
I'd also rather err early but be part of the correct trend.
And if I have to be wrong it will be for the right reasons like truth and integrity.
Wow, Im gonna have to remember that speech, it makes bad calls seem so....well, noble!
I can almost hear background music, a soft choir with strings playing god bless america.
Im being sarcastic, you raise a very valid difference, calls made to hustle clients out of their money, and regular predictions.
I believe the "gold 2000" folks will have their day, QE2.0 will certainly help.
EURUSD buying support detected for some time now, has returned again and the daily chart is now neutral to bullish.
http://stockmarket618.wordpress.com/about
Certainly a lot of details like that to take into consideration. Thanks windows vps | cheap vps | cheap hosting | forex vps
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