Well...it's surprising to see the first liar is back again.
Poker life must have failed miserably.
Must have been daggered by the death cross.
How many more suckers are you going to recruit now?
Duke was short the entire market.
It's going to suck again for him when S&P goes to 1900 after 1330.
Meredith Whitney Muni Call Was 100% Wrong: Bond Pro
Published: Wednesday, 11 Apr 2012 | 8:10 AM ET Text Size By: Jeff Cox
CNBC.com Senior Writer
High-grade municipal bonds remain a solid investment despite their sometimes-battered public image, according to fixed income expert Alexandra Lebenthal.
DUKE AND HIS MISTRESS WERE WRONG FOR ALL TIME...IS IT ANY WONDER HE LEFT.
You never see Duke again.
Over the next 2 years, the S&P is going up to 2000.
He's filing Chapter 7 as we speak.
Duke is not coming back.
Wonder how THAT'S going these days!
If his clients were worried about him shorting the market a couple months ago, I wonder what they think NOW with the markets hitting 10 year highs....wow...what a loser.
Duke and his "I'll be back after the decline" comment was useless at best.
I believe he should go work for Mother Goose because that's what is going to happen.
It could easily pullback right now on Tuesday...or Wednesday.
I mean...look at the move from 1074 up to here 1345.
10% pullback is very equivalent to a 50% retracement which is 1210.
Don't worry...he's around.
I had good posts from last week deleted about his alias Merideth Whitney and how he was wrong to short SIRI at $1.80.
Don't get me wrong. I'm a big Duke fan. I'm not sure most people can put the information together like he does each week. He's a very smart dude/gal/group of dudes and gals.
I personally had an endpoint of the SIRI move from $2.44 down to $1.27 as a possible IMPULSE move which means it could have gone to almost zero again, but upon further review the 2 up moves during that time (wave 2 and wave 4) were too long in my mind, so I dismissed it as just a correction down. I see where Duke came from and why I believe he made a mistake.
Put that together with the projection that I thought the S&P 500 could have ended a correction down from 1370 down to about 1040 (and it stopped at 1074) and I believe that we're going to blow out the roof.
Albeit, there can be a nice downside correction directly in front of us, but I can't predict the future with THAT much clarity.
At some point he went from predicting SIRI = $9.75 at the end of 2013 to somehow unpredictably thinking that we could still get there and plummet one more time.
I'd suggest that the market is full of inflation and we are going to skyrocket with pullbacks along the way. I suggest we see S&P 500 of 1900 within 18 months. I believe Duke was seeing the same at some point in time, but then inexplicably he changed his tune.
Whether a different author or he has different medication or merideth whitless needs to make her money back off the board, it's not clear to me. The market bottom of 2009 and of course 2002 were the buys of a lifetime and it's tough to miss it by wanting to reload one more time. It may never happen.
repost...1296...be careful of a market dump tomorrow, if this happens, but I'm not guaranteeing anything obviously.
Like I just said....1296 just occurred.
If we go down here, then it's only a correction, but it could be 10% down.
Saying all of this....
A retracement of 38.2% - 61.8% on average of the move from 1074 up to 1296 or so CAN HAPPEN in the real near future, so it's something to watch out for.
Nothing though that Duke is looking for....he's looking for stock market death. If we went down 100 points on the S&P or even 10%, it would not shock me, but then we're going to blow off the roof....upside.
Any trader that looks at the market can clearly see the A-B-C correction even in Google from the end of 2007 to the end of 2008.
This market is going to blow out the top.
It appears to me that every good news story is trying to become overrun by bad news...i.e. worry. The great employment report was immediately hit by the concept that seasonal hiring will go away and watch out for a downtrend going forward.
I have a count which is supported by S&P 1230 area. As long as we continue to stay above that, then I'm long. We could easily be headed for S&P 1900 over the next 18 months with people like Duke providing the fuel....i.e. SIRI going over $4.
I'm just saying is that I think I saw is the following on S&P 500:
start = March 2009 = 666
wave 1 up = April 2010 = 1219
wave 2 down = July 2010 = 1010 (flash crash)
wave 1 of 3 up = May 2011 = 1370 (bin laden death)
wave 2 of 3 down = October 2011 = 1074 (downgrade of US debt most of cause)
wave 3 and 4 and 5 should finally end at 1900 S&P within about 18 months is my guess.
Yeah..I believe hiccups along the way, but here is the thing..the S&P 500 is forming this wave 3 of 3 and if 1158 gets taken out or even 1202 or even more the 1229 from back on december 21 then it could be a bad sign. Time will tell.