I predict the Market will hit it's precise bottom between 2:30 and 3:30 pm EDT on a day when CNBC hauls out a big name like Barton Biggs to say enough, that's it, according to his charts we've bottomed, most likely Ron Insana will do the interview. ...Rennick out
Intrade or Tradesports should put odds on this type of occurence. You are right about that. Fade CNBC.
didnt biggs retire and start his own fund? cramer is the new cnbc guru and when he gets negitive you will be close to a bounce. so far he is still saying buy this pb.
If Ralph Acampora says "We're going to zero!!!", I'm maxing out all my accounts long. Never has one man been so wrong so often.
Whoever they bring out will reverse the market, and I wouldn't fade the guy. It may not be today, I'm just saying when the Market finally bottoms this will be the reason. ...Rennick