Both are wrong, but ET gives permabears a lot more slack and undeserved recognition. Case in point: https://www.elitetrader.com/et/thre...me-high-by-the-end-april.342955/#post-5064501 The TS was wrong and probably trolling a bit (no 30%+ drop has fully recovered in 2 months), but the S&P 500 ended April TWICE as far away from the March low than the ATH. The fact that comment was made by someone who sells "trading edumucation" and got 5 likes is telling of the quality (or lack thereof) of posting here.
The problem isn't whether one is a permabull or a permabear. It's more about stoking one's ego from getting the direction right. Whether they actually make money from their calls is another matter. Anyway, I fear most of these Nostradamus suffer from major narcissism. (I'm sure, as a permabull, you probably suffer the same disease.)
I find it interesting roubini, elmarian, Rosenberg, Jim Rogers make a career off being permabearish but market has been going straight up for past decade. Just got hang in and you get the spotlight eventually.
Looks like Rosenberg is moderating his view https://www.cnbc.com/2020/04/30/lon...g-doesnt-hate-stocks-right-now-heres-why.html
As ridiculous as Dow 40,000 was back in 1999, there are "analysts" like Harry Dent who's called for Dow 5000 in recent years...and he still makes a very good living off newsletters and speaking gigs while Dow 40K was laughed off two decades ago. The irony is Dent was a similar permabull in the 90s and looked smart, but his uber-bearish demographic hocus pocus analysis has been a dismal failure after switching his bias.