He has called tops at S&P levels 800, 850, 910, 950, 1013, and then when the S&P hit 1050 on Sept 15th. then he said the end of September and now he is saying we need to get through earnings season
The guy has been pushing out his correction prediction by 1-2 weeks for over 5 months with the same BS excuses everytime when he is wrong.
This guy looks like 80 years old. And he call himself the best trader in the world. And he is a talk show host on radio. He couldn't finish his high school. Trading 25 share per time??? R U nuts?
Yup...a total clown. Today he was starting to congratulate himself for telling people to sell their long positions a week ago.....well if they listened they missed 250 points on the DOW. If they listened to him in April...they missed about 3500 points.
The guy told his "gang" to sell their long positions yesterday and reiterated his call from Friday to short XLF, SPY, IWM and added INTC.
They are all up and he continues his record of being as wrong as can be. This guy hurts people who listen to him!
He is a complete fraud who has been big time wrong.
Even if the market corrects 30% this afternoon...he has been way off for many, many months. All the people he criticizes have out performed him in a big way.
Yeah I know. He keeps praying for a crash. And right in the middle of his short call, he mentions he has a LONG in DELL. I believe he scatters longs in with the shorts so he can pull out cherrypicked gains to look as though he made money, wherever the market roams. That's the illusionist in him, as transparent as it is. I guess he relies on new, vulnerable listeners to pull this stunt off and get some fast new subscribers. That well honed illusionist skill is common to all the newsletter sharletons. Bill O'Reilly, about 2 years ago said they are ALL sharletons. He must have tried subscriptions to some and gotten stung. He also said Merrill Lynch is a disgrace. This was before they were on the brink.
So we get conned by everyone in this business, and the govt to boot.