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Billion-Dollar Fund Manager Predicts Dow 5,000, Gold $2,000
businessandmedia.org ^
| September 30, 2008
| Jeff Poor
Posted on 09/30/2008 1:08:55 PM PDT by Rufus2007
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Check out the video of the Bloomberg anchor's reaction when this guy says Dow 5,000.
1
posted on
09/30/2008 1:08:55 PM PDT
by
Rufus2007
To: Rufus2007
He runs a Bear fund. What do you expect him to say?
To: Rufus2007
I guess someone forgot to tell him the DJIA is up almost 500 today (so far).
3
posted on
09/30/2008 1:11:00 PM PDT
by
OCCASparky
(Steely-Eyed Killer of the Deep)
To: Rufus2007
Really? Why is all that European money rushing here? Why hasn’t OPEC gone tothe EURO? Poppycock..Fooled me once—not again.
To: Liberty1970
And probably is heavy into gold.
5
posted on
09/30/2008 1:11:19 PM PDT
by
refermech
To: Rufus2007
Really? Why is all that European money rushing here? Why hasn’t OPEC gone tothe EURO? Poppycock..Fooled me once—not again.
To: Rufus2007
the sky is falling, the sky is falling! BS
7
posted on
09/30/2008 1:11:57 PM PDT
by
street_lawyer
(Truth is a defense and the best offense.)
To: refermech
“probably is heavy into gold”
and, no doubt, a seasoned short-seller!
To: Liberty1970
Never trust anything that comes out of the Virgin Islands, Maaann, except Estate Diamond RUM! (PS: there are NO virgins left down there!)
9
posted on
09/30/2008 1:13:19 PM PDT
by
WellyP
To: OCCASparky
This is like Warren Buffet supporting the death tax
because his business is selling vehicles to avoid the death tax.
I swear, whenever these leftist bastids speak, I always know the opposite is good for the country.
10
posted on
09/30/2008 1:13:55 PM PDT
by
MrB
(0bama supporters: What's the attraction? The Marxism or the Infanticide?)
To: Rufus2007
I’ll have some of what he’s having! Must be good stuff.
To: Rufus2007
Tice has made similar predictions in the past. In 2002, he said the Dow would drop to 3,000, although the 10-year low for the Dow is just below 7,500 occurring in late 2002. What an idiot.
To: OCCASparky
Tice is actually quite the expert on bear market rallies, especially vicious 62-78% Fibonacci ones. These rallies confirm the bear market is still alive. When the moonshot rallies stop, and the gradual climb begins, the bear market is probably over.
13
posted on
09/30/2008 1:14:40 PM PDT
by
steve86
(Acerbic by nature, not nurture™)
To: Liberty1970
Isn’t this guy a big donor to Ron Paul’s presidential campaign?
To: MrB
Actually, Tice is very conservative. He wants the system washed clean, as do many here.
15
posted on
09/30/2008 1:15:59 PM PDT
by
steve86
(Acerbic by nature, not nurture™)
To: Rufus2007
I say Dow 7,500, gold 4,000, but Tice is on the right track. Historically, the ratio between one share of the Dow and one ounce of gold always returns below 2/1 at the Dow’s secular bear market low.
16
posted on
09/30/2008 1:16:37 PM PDT
by
Mr. Jeeves
("One man's 'magic' is another man's engineering. 'Supernatural' is a null word." -- Robert Heinlein)
To: Rufus2007
The guy pimps a bear fund and we are supposed to grovel on the gravel and say "Thank you Lord for delivering us from the market!"
Our dollar is surging because the pos Bailout lost.
Besides the Dow/DIA, the S&P 500/SPY is doing even better.
17
posted on
09/30/2008 1:17:28 PM PDT
by
Grampa Dave
( I do not want to know the type of person, who does not like Sarah !)
To: Fan of Fiat
He’s just giving us more cr@p for that cr@p sandwich Congress has been making for us to swallow.
18
posted on
09/30/2008 1:19:28 PM PDT
by
antceecee
(McCain ~ Palin '08!!!!! May God have mercy on us and protect us from evil.)
To: steve86
You’re right—I’d like to see a nice 6-8 week trend before making any sort of claim.
19
posted on
09/30/2008 1:20:14 PM PDT
by
OCCASparky
(Steely-Eyed Killer of the Deep)
To: Rufus2007
20
posted on
09/30/2008 1:22:21 PM PDT
by
Centurion2000
(McCain/Palin 2008 : Palin the Paladin 2012)
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