The man is hardly a crank. At the height of the tech-bubble, he used the same analysis to predict the NASDAQ would decline 83%....then the NASDAQ declined 83%
How many declines has he projected that didn’t happen?
Stopped clock.
The Nasdaq Composite lost 78% of its value as it fell from 5046.86 to 1114.11.
Closing Friday 7,330.54
People that stayed in didn’t lose. Being diversified and not panicking are winning strategies. His prediction may have helped people that want to avoid the dips but it is very easy to sell at the low or on the way down and get gored a few times trying to time a buy back.
https://www.macrotrends.net/1320/nasdaq-historical-chart
Could we stipulate that David Stockman is a Krank? What’s the difference between Stockman and this guy? is there a hairs breadth of difference between the two? I don;t see it if there is. Recessions involve stock pullbacks of much larger amounts than most people think - 40, 50, 60% etc.
And that if you say the sky is falling everyday for 45 years, that on the day it finally falls, its got nothing to do with your predictive powers?
Could we stipulate that David Stockman is a Krank? What’s the difference between Stockman and this guy? is there a hairs breadth of difference between the two? I don;t see it if there is. Recessions involve stock pullbacks of much larger amounts than most people think - 40, 50, 60% etc.
And that if you say the sky is falling everyday for 45 years, that on the day it finally falls, its got nothing to do with your predictive powers?