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Wednesday, August 26, 2009

Remember Barron's "Big Money" poll?

On Saturday, April 25, these were "Big Money's" targets for the markets for 2009 and 2010, and now that their 2010 targets have already been succeeded, I thought I would bring them up.

DJIA------ 8676----- 9488
S&P 500-- 906----- 1003
NASDAQ-- 1684---- 1841

Wouldn't it been nice to have someone tell you that this was just plain foolish? Oh someone did. Here!

58% think the market hasn't yet bottomed! 58%!!!! But 60% say they are bullish! And these are the average prices that the bulls on the "Big Money" poll, think we'll see by year end 2009, and June 2010! Big Money ain't have a clue!!

As advertised!!

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