Will the Dow fall 4 000 points?
People laughed at Joe Granville some weeks ago when he perdicted the DOW would fall 4000 points this year. Then, all of a sudden, markets sold off hard, while volume and vol exploded. The buy the dip investors are still trying to buy the dip, but this bounce is losing steam. Silver is currently reversing the move, and about to enter negative territory on the day. Let’s see if all markets reverse down today. Meanwhile, time to review what Joe Granville actually said a few weeks ago. Video below:
Frightening!
As bad as Joe has looked lately, Prechter really looks foolish. He called a market top in September ’09 and has been calling the top every couple months since.
hope you have read the story of the shepherd crying wolf , the theory of probability states that the p increase every time the event passes specially when world economic variables are all heading down, remember, lakshman achuthan, bob prechter, bob janjuah, albert edwards, david rosenberg and charles nenner and harry dent have all researched models and are waiting in the wings to have the lastlaugh.