[wafflehouse]

considering the constant backwards revisioning of statistics, what makes you so certain that the 1% is an accurate number? and its pretty brave to call this a bottom in advance. (especially as you complain of doomers who continue to move the goalposts)

you are an anti-doomer, and just as off the mark (in an opposite direction) as the doomers are.

[JasonC]

Thanks for calling me brave.

But no, I am not off the mark. I called the recovery for this year, last fall at the worst of it, and it is happening. The doom mongers did not call it.

I told everyone here to buy US corporates last fall at the depression peaks in yields; they have soared since.

As other men claimed that all the big banks were still going to fail and sold them to ridiculous revisited lows in March, I told everyone they were fine and profitable and would survive and recover from those lows.

The doom mongers have missed a 50% rally in stocks and a much lower risk, easy, called and delivered, run up in corporates. By not fighting the Fed I've been right; by letting their hate for it direct their judgment they have been hopelessly wrong about every major financial event this year.

You don't need to like these things for them to be true.