Well if you're not celibate, then I would hate to see any of the creatures you take to bed if you're so easily impressed by surf's "merit". My statement is that he is simply capitalizing on his privileged background. I'm not your bro and I'm not giving any support. I'm simply stating it how it is. I don't know who Rennick is. Don't get me involved in the lovers drama you got going on with him. Most ET members may not be traders, but most ET members are not making official announcements of their calls like surf is. He is borderline delusional and in obvious denial. And I'm not just talking about his views on the market. I was being nice when I said "eccentric". And by pure chance, it would be expected that he would get at least one call right. Yeah, you're right. His calls are more like Jim Cramer's. You have no idea what is coming.
Surf has had a ton of calls. All have been horrendous. He is a good guy and pleasant to converse with. But as a "trader" he is a nightmare.
Suggest staying long here in the YM. looks like the selling is almost over, expecting postive close today. surf
There was only one other bottom in DJIA call at 7777. 7777 on the cash DJIA should act as resistance to this move up. regards, surf
Umm, and also gold was going to collapse was a call he made a few months, I believe... And how is one up day make his call a "bottom"??? think we are done with the bear market? See all the remaining problems in the wrold economy? We are not done gonig down, this is no bottom. The market went up because of Citi's surprise profit, not Surf's "bottom"
ShittyGroup didn't even surprise; the market rose in part based on 'positive thoughts' and unverified claims by Pandit. Pandit Memo Excluded Citigroup Writedowns, Costs: FT Link http://www.ft.com/cms/s/2/1997b610-0d7d-11de-8914-0000779fd2ac.html We'll see if they can even meet the low threshold he claimed in his 'letter to employees.' IMO, you can tell a lot about how terribly weak a market is when a Citi letter to employees takes the credit for spurring a nearly 6%, one day rally... ...it's usually a terrible sign, but others are sure to disagree. Oh, and Jamie Dimon, another former TARP queen, was out today, with an inspirational speech. Inspirational speeches for the win! In the meantime, out in the real world, beyond inspirational speeches, the global and domestic economy continues to rot.
as expected the DJIA closed in postive territory today. suggest staying long for a nice ride toward the djia cash 7777 resistance level. There will be pull backs along the way, but the bottom has been established in the DJIA. best wishes, surf