Joseph Granville says dow to fall 4000 points in 2012 to March 2009 lows!

myoffices · Jan 26, 2012

Quote from S2007S:

Now as bearish as I might be I dont think the Dow is going to drop 4000 points in 2012, if it did I am sure it would rally back to 12,000+ before the end of 2012, he has his reasoning why its going to drop 4000 points in the video below.
The guy interviewing him says its the most bearish comment he has heard in the past 6 months which tells you that bloomberg only interviews bulls.......

Timer digest rated him # 1 market timer in 2011....

As I have been saying for quite sometime, Volume, Volume, Volume....Volume isnt there, volume continues to drop as this market trades higher and he explains it 3:10 into the video....anyone who says volume doesnt matter think again, volume is significant when it comes to these markets.

DJIA to Fall 4,000 Points in 2012, Granville Says

I think he may be on to something. The Moneyflows need to be checked. (amount of cash in the markets) if this is on the decline then he may be right. The over exhuberance of the markets now is artificial. COnsumer confidence is unstable and its an election year. If money flows out of the system after profiting in 2011 then we are back to 2008 levels of at least 6000. Its time to buy a few short term puts. maybe going out to may. Either way its time to lock in profits here. Wait for the crash and get in the Dogs of the dow. I think a correction may be coming soon. Based on the volume only. Fundamentals are strong here.
More...

TILT2 · Jan 26, 2012

Quote from denner:

I thought Unicycle was insane, but you sure as hell do sound like that mouthbreather, Nine_Ender. If that's the case, you are an uber-troll.
More...

How about I said the samething to you:
They both slept with your mother?

Log in or Sign up

Joseph Granville says dow to fall 4000 points in 2012 to March 2009 lows!

myoffices

TILT2