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/biz/ - Business & Finance

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>> No.18763731 [View]
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18763731

>>18763563
I think he's been right about the market pretty much all year though... Just don't pay too much attention when he blows smoke up a CEO's ass or tells a caller that they have horse sense.

He seems to understand the market as a whole very well, and his only mistake was mistrusting this rally from the beginning like Dwyer and El-Erian. But he changed his tune last night, and as much as I hope he's wrong, I think he might be right.

We crashed. We crashed and reached peak pessimism, then the fed came in and said we'll stop at nothing to prevent a financial crisis. We are certainly NOT at peak optimism.

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