Thursday, December 31, 2009

The bears math

If you thought Obama suffered from grade inflation, check out what grade Karl Denninger gave himself on calling the market:

"The stock market has not bottomed.  1/2 credit.  It had not bottomed but my SPX 500 @ 500 call was not achieved.  The 50% swing, however, got damn close.  Lots of money to be made if you're quick and good, but an absolute minefield if you're a long-term investor - spot on."

He gets a half credit? For that? Do fries come with that???

And the NAZ and S&P go up over 80% and 60% from the bottom, without a correction greater than 6%, and yet the market was a minefield for long term investors?

Looks like David Rosenberg math to me!

But he has an elaborate post, today, with all kinds of charts, proving that next year will be bad!

With a forecast worse than his grade inflation!

7 comments:

Anonymous said...

I do think it's bizarre that Freddie Mac trades at 1.42 and FNM no far behind, yet Citi is still three-something!

Anonymous said...

I wonder what math the bears will come up with when their brokers demand them to post more collateral on their short positions!

Anonymous said...

Bears only trade in virtual accounts these days. They can't lose anymore money this way.

Anonymous said...

generic xanax onax 2mg xanax review - xanax bars effects

yanmaneee said...

supreme t shirt
yeezy 350 v2
kyrie spongebob
stone island outlet
longchamp
curry 5 shoes
golden goose shoes
jordan shoes
yeezys
yeezy

yanmaneee said...

curry 8
lebron james shoes
lebron james shoes
yeezy boost 350
yeezy boost 700
kyrie 6 shoes
supreme clothing
off white
kobe 9
yeezy boost 500

yanmaneee said...

kyrie 7 shoes
westbrook shoes
bape outlet
100% real jordans for cheap
kyrie shoes
golden goose
jordan 1
stephen curry shoes
supreme hoodie
kobe shoes