Friday, May 28, 2010

Mr. Crystal Ball

There's Meredith Whitney, who has consistently called for the furies of hell to wreak the financial world for its past misdeeds. Then there's James Altucher, one of the biggest bulls of the past year or two, calling for a "checkmark" recovery. That's checkmark, as in bigger than a "V" bounce.

His interpretation of recent statistics in the broader economy is interesting, to say the least, but he certainly has conviction in his belief.


It doesn't end there. Altucher puts the recent correction, including the despicable yet almost predictable Flash Crash, in historical perspective.


If you're not sure what I mean by 'predictable,' I'm a former shareholder in Dendreon. Ask any long-timer in DNDN about strange market manipulation. We're generally paranoid beyond the norm.

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