Posted on 10/20/2009 10:53:43 AM PDT by blam
Dow Could Go To 13,000. But Will Likely Reverse (Suddenly) By More Than 20%
Stock-Markets / Articles
Oct 20, 2009 - 07:21 AM
By: Andrew_Butter
This is the analysis used to predict in May that the Dow would reach 10,000 without a major reversal, (personally I didn’t expect then that it would happen so quickly).
I’ve put on my estimate of where I reckon it is now (in red).
It’s approaching the “danger zone” (dotted black ring), although reversals when the mispricing is negative tend to be more restrained.
That analysis was based on two lines of logic, the first is to calculate what International Valuation Standards calls “other-than-market-value” (some people call that “fundamentals” but since so many people have so many opinions on what that is I don’t use that word, and I do it strictly in accordance with IVS with some don’t).
{snip]
in devalued dollar?
Wow! This guy is so good at predicting, we should all simultaneously follow his advice, leverage to the hilt and become billionaires!
Let’s all have a party in advance.
Who’ll bring the Dom?
Well, I’m delighted that Andrew knows where the market is going.
Is he buying puts, selling calls or shorting stocks themselves?
Could go up! Could go down!
Either way, I’m applying for a psychic hotline position.
Hummmm, DOW will go to 8000 or 13000. Why even I could have made a prediction that accurate. Of course after I had made it, the DOW would remain precisely where it is for several years.
I jinx the market ever time I invest.
“But will likely reverse (suddenly) by more than 20%.....”
Of course!....trapping all those who bought in to this house of cards at the top....
Butters?
See Andrew , I told you so!( sarc.)
It helps to recall that the Delphi Oracle made her predictions after huffing lots of methane gas.
Dom? You are not watching enough MTV. New Billionaire rappers drink Krystal.
In other words, I don't know sh!t.
I can live with that.
My prediction is the Dow will go to the mid-11,000 range by November of next year. Soros will do his evil best to arrange it.
Harry Dent Sees A Big Crash Coming, Urges Investors To Prepare
It will go up, unless it goes down. Of course, it could just bob around in the middle for awhile too.
Andrew Butter......set up his firm in Dubai.......Bill Clinton dealings, anyone?
If the market goes up to $13,000 and then drops 20%, that will put it at $10400.
So the risk of investing if he is right isn’t all that bad, given where we are today. :-)
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