“I just had a look at this thread, and am surprised by the level of misunderstanding.”
___________________
I understand this thread completely. There are three main statements made in the original post:
1) “This chart predicts the S&P500 will keep falling and hit 600 by summer 07” Terribly wrong so far (but it ain’t summer yet). Still, terribly wrong to date.
2) “One more reason to stay out of the stock market for another year at least” A costly blunder – calling the temporary top far too soon.
3) “Sorry, no fall rally for the mid-election year cycle folks” Again, terribly wrong – a costly blunder.
