Mark Cook Predicts S&P500 -22% Correction in 2011

Discussion in 'Wall St. News' started by HeSaidSheSaid, Jan 15, 2011.

  1. Of course we'll have a correction. We always do. But Cook's been saying the market's overbought based on his CCT since at least September (that's as far back as I looked).
     
    #11     Jan 17, 2011
  2. Pekelo

    Pekelo

    Of course, timing is everything. Giving a 12 months timeframe is not timing, thus making calls like this is worthless....

    And the 2 calls don't need to be contradictory! We could go up 10%, then drop 22% then rally back another 35% and voila! both calls got fullfilled...

    Unless Mark tells us which month the drop will occur, the call is pretty much worthless.....
     
    #12     Jan 17, 2011