Monday, March 9, 2009

Timing Matters. right?

well maybe not... Ritholtz, he of the Big Box blog, seems intent on milking a call he made in 2006, that the Dow would go down to 6800 or something:

of the 69 comments to Barry's two sentence post, this one caught my eye:

bubba Says:
March 6th, 2009 at 2:39 pm


I love your blog and read it religiously, but for the life of me I cannot understand why you keep trotting out your Dow 6800 call made 3 years ago. You were flat out WRONG, Barry. Your call was for 2006, the fact that we’re below that target now in 2009 is meaningless, as far as trading/investment thesis goes. By my calculations anybody that listened to you would have been down 14% in 2006 and 29% from the high in 2007, and most likely would have taken their loss and moved on. Sorry for the rant, but you do yourself a disservice if you keep harping on this 6800 call.

by contrast, we here at Trend & Value pride ourselves with specific, timely predictions. when I say 2009, I mean 2009.