Friday, February 10, 2012

Never listen to the media

Dr. Doom just turned bullish! Be very careful adding new long term positions up here. Only trade short term up here! Thanks to for use of this chart.

Barron's cover this weekend says "Dow 15,000 in 2 years....maybe even 17,000". On March 9th 2009 they said " the bull missed it's target". It looks like the bull did bounced off the target(bulls eye), because the S&P is up 100% since they ran that March 9th, 2009 cover.

this is from March 9th, 2009 cover