Range bound 1025-1150?

AGA7d

hxxp://www.cnbc.com/id/38351422/

Of course, what really maters is the range – so how high and how low should you expect the market to move?

“Between 1025 and 1150 on the S&P,” Kass says, “between 11 times and 13 times forward earnings”

--
He may update his view when approaching 1150, and he is bad at calling tops. Anyway, I'll unload half 401k
around 1150. -- AGA

ranchgirl

回复 1# AGA7d

Thanks!

ppteam

Kass?
he's a confirmed a-hole

AGA7d

Kass?
he's a confirmed a-hole
ppteam 发表于 2010-7-25 13:51

    Whatever you say, he called the bottom twice, exact timing - nobody else did it...

ppteam

回复 4# AGA7d

On Aug 30, 2009, Doug Kass Goes All In Short!
http://seekingalpha.com/article/ ... s-goes-all-in-short

AGA7d

回复  AGA7d

On Aug 30, 2009, Doug Kass Goes All In Short!
ppteam 发表于 2010-7-25 14:09

I know, nobody is perfect, and I said he is bad calling the top... Many were saying the market were
way-way overbought at the time...

But the bottom calling is phenomenal and he was correct most of the time on the market direction
(only wrong for a few months by switching to short too early), call him ahole is simply silly. There
are way more fools out there (like ken fisher, jim cooper etc).

ppteam

回复 6# AGA7d

in this uptrend market, how many people calling bottom are wrong?
yes, he is an ass hole. Because he likes to use terms like 'market has to do ....', or 'market must do ....'. is he kidding? must? has to?

AGA7d

回复  AGA7d

in this uptrend market, how many people calling bottom are wrong?
yes, he is an as ...
ppteam 发表于 2010-7-25 14:26

"in this uptrend market, how many people calling bottom are wrong? " - you mean?

Then give me a few names that are not a-hole. If 95% are a-hole, then being an a-hole
may not as bad as it looks.

Picking on language instead of substance is one thing I would not do...

ppteam

"in this uptrend market, how many people calling bottom are wrong? " - you mean?

Then give me ...
AGA7d 发表于 2010-7-25 12:35 PM

what I mean is, many HTers are having better calling bottom track records in this market than him. It's easier to call bottom in uptrend market.
Yes, his language on national TV should be more careful, because there are millions of viewers who watch him and might follow him.
The market is anything but 'must' or 'has to'. It's irresponsible for him to use those kind of terms.  So, he is an ass hole.

AGA7d

what I mean is, many HTers are having better calling bottom track records in this market than hi ...
ppteam 发表于 2010-7-25 14:48

    OK - who (HTer or anyone else) called the bottom at 1010 (or 1020 for close) ? Has to be a strong
wording, saying "a short-term bottom" does not count.

ppteam

回复 10# AGA7d

who said 'short term' bottom doesn't count?
OK, if you think his 'bottom call' is not short term, then it's way too early to say he's right.

AGA7d

回复  AGA7d

who said 'short term' bottom doesn't count?
OK, if you think his 'bottom call' is n ...
ppteam 发表于 2010-7-25 15:00

Everybody calls a short-term bottom once in a while, it is nothing. But calling "low of the year" is different,
who else called the REAL bottom in 2009 and 2010 (exact timing)? 2010 is not over, let's see. At least,
so far so good.

ppteam

回复 12# AGA7d

OK, let's wait and see. If this is not the short term call, we should be able to see new high.
Even paid services say the tracking records don't necessarily mean future performance.

ppteam

and btw, at least 2 wave blogs I know called 08 March low.

AGA7d

and btw, at least 2 wave blogs I know called 08 March low.
ppteam 发表于 2010-7-25 15:15

    you mean 09 march? can u copy paste?

ppteam

回复 15# AGA7d

I forget the blog name. I don't care too much, they are too inconsistent, just like Kass. yeah, that's 09 march.

AGA7d

回复  AGA7d

I forget the blog name. I don't care too much, they are too inconsistent, just like  ...
ppteam 发表于 2010-7-25 15:21

Then you would not object that he is the one (oh well, well publicized one) calling
the 2009 bottom...

Kass had been a bear for good reason, now he is a bull - as I see it, for good reason
too.

Not many influential investors/traders have such good sense ( I posted not long
ago that a big 2009 bull sold at the market low this year), Barry Ritholtz is another one
I respect.

6th-Sense

回复  AGA7d

in this uptrend market, how many people calling bottom are wrong?
yes, he is an as ...
ppteam 发表于 2010-7-25 14:26

    when spy>=125...we can think about topped...

ppteam

asshole is an asshole. Basically it has nothing to do with his market calling.
Just because he might call market 100% right doesn't mean he's not an asshole.

AGA7d

asshole is an asshole. Basically it has nothing to do with his market calling.
Just because he migh ...
ppteam 发表于 2010-7-25 16:53

Sounds you are mad