Where did I ever say that? Show me a quote please... "OK, just a few days ago on 10/25 you stated the following..." This is your evidence that I have been predicting a "sub-5000 Dow for some time now?" Wow, you need to brush up on your analytical skills. October 25 does not constitute "a long period of time", I was not refering to the Dow, and I NEVER stated any speculation on future earnings...
Try again?
Actually my first try did it already, but let's look at several others....
10/15--Tauzero accurately called this market rebound a week ago. I'm hoping it continues up through the election before it continues its decline to 6000 (or less)...
10/14--And, what stocks do you recommend in the midddle of the biggest Bear market since 1930?...
9/30--It's just that I believe that the market is ready for a decline...
9/29--The Dow should have reached 6500 last year. After that happened we could have built a new base. Now, I think that the Dow has to go MUCH lower to reach a bottom.
9/24--The "current reality" is that the stock market is going down... BIG TIME.
8/29--This market is vastly overvalued and will continue to come down even if some naive souls decide that it is somehow "patriotic" to ride it to the bottom.
7/22--Stocks are going down, big time...
7/21--I'm not shorting anything, but I'll notify you when we hit 7,000, 6,000, and 5,000...
7/11--If I said how low they really have to go I'd be flamed endlessly, so I'll stick with a number that is probably way too high but indicates to everyone that we are nowhere near a bottom.
7/11--I figure that we've got another 35% more to go (down) before we get close to fair market value. After that the real recovery can begin...
Besides your almost daily doom and gloom quotes, on 7/21 you specifically indicated below 5000 and on 7/11 you said 35% more decline (which you thought was way to high still). On July 11, the market closed at 8,812.10, let's see, a 35% decline would put us below 5728. Of course that was only your very conservative guess, which then you state if you said how low you really thought it would go you would really get flamed.
So are you denying you are not a doom and gloomer? Are you denying you don't think the DOW is headed below 5,000? Are you denying you don't think the DOW has to reach a PE of 13 to recover? Are you denying you haven't been posting this stuff for months and months? If I am wrong, what are you predicting then, or are you too afraid to tell us your doom and gloom forcast. I think calling you a sub-5000 Dow doom and gloomer is a downright fair characterization of your posts.