It's easy to be a critic especially when you can hide behind a veil.
Don't forget that he was turning bullish in the last qtr last year when it was almost immpossible to find any bulls. Sure he has been early with his call but this market is defying logic at the moment but I doubt for much longer.
Yesterdays action has all the look of a reversal and a look at the Baltic Dry NDX paints a very scary picture of global growth.
Take some time to look at the following site and you will soon realise that the gap between the SPX and the BDI is at historic levels and that something has to occur to bring the two back normal ratio. Either the SPX collapses OR freight rates explode.
Now take a few moments to listen to the great Joe Granvilles' outlook and maybe(though I doubt it) you may be a bit more gracious. http://www.thetrader.se/2012/01/25/dow-to-drop-4-000-points-in-2012-it-doesnt-get-more-bearish/
hey! first day red in weeks! great prediction. Now I can donate some $$ to your wonderful analysis?
ReplyDeleteWonderful analysis? This guy has been short since December 1st and is down 50%. Geezus.
ReplyDeleteIt's easy to be a critic especially when you can hide behind a veil.
ReplyDeleteDon't forget that he was turning bullish in the last qtr last year when it was almost immpossible to find any bulls.
Sure he has been early with his call but this market is defying logic at the moment but I doubt for much longer.
Yesterdays action has all the look of a reversal and a look at the Baltic Dry NDX paints a very scary picture of global growth.
Take some time to look at the following site and you will soon realise that the gap between the SPX and the BDI is at historic levels and that something has to occur to bring the two back normal ratio. Either the SPX collapses OR freight rates explode.
Now take a few moments to listen to the great Joe Granvilles' outlook and maybe(though I doubt it) you may be a bit more gracious.
http://www.thetrader.se/2012/01/25/dow-to-drop-4-000-points-in-2012-it-doesnt-get-more-bearish/
Here is a link to a site with some very interesting charts comparing the BDI to markets and commodities
Deletehttp://investmenttools.com/futures/bdi_baltic_dry_index.htm
yeah, Sqwii Trader has been early this round. He is spot on in low of 2011
ReplyDelete