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Sunday, August 16, 2009

What about Bob's bearish call?

At these levels, it might be worth 2.5% to the downside.

His targets are absolutely ridiculous, but it'll probably weigh on the markets.

8 comments :

Anonymous said...

I haven't even heard of Bob... why would the market even give him anything?

If I publish something and say the market is going to 36,000 would the market give me a pop for a day?

Palmoni said...

I know its crazy but Bob Janjuah of RBS made a bearish call on the market I think on May 12, and the SPY fell 2.5% the next day.

He did his bearish thing this weekend again--and it will probably knock down Europe first.

I'm not saying its right, but I'm saying there is a fair chance that it could happen.

Anonymous said...

but he can not be right cause Palmoni said that at worst the SP will go to 999 and then rally again until end of times. Stupid Bob, he needs to read Palmoni and incorporate Palmoni's thinking into his analysis.

Anonymous said...

Man the Asian markets got killed. I knew doubling in 3 months wasn't right, hah!

Mr. Bob was right! You think when these people make bearish calls, they have the help of some firms to push down the markets for the day to gain some credibility?

Anonymous said...

The bears are giddy this morning.... thinking this might be the beginning of the NEXT LEG or WAVE C, or whatever they call it...

Palmoni said...

China looks toppy as hell--and most people really don't believe the "improving" fundamentals--they think it's just the Government in China juicing figures, just as things are also being juiced here.

The bears are giddy because we are at 980 even though we saw the same giddyness at 870

Anonymous said...

hot rod between bulls chicks... psssst....

Anonymous said...

Palmoni, are we rolling over today?