Market Strategies

[lentinman]

LOUSY PREDICTION! PART 4:

I have made good and bad predictions. Just as my March 10, 2005 prediction for a DOW high was lousy, my predictions on the housing bubble – which began with my starting the BUBBLE (now RUBBLE) board on June 1, 2005 was extremely timely. So, far virtually everything I have harped on about housing has come true and there is much more carnage to come IMO. I’ve made good predictions about oil prices doing down, both the day after Katrina as well as recently when oil appeared to peak.

There are other predictions I’ve made with individuals – some have been right, some wrong. It is not an exact science. But, in one sense we ALL make predictions every time we buy a stock. I believe I have done a good job calculating both lows and highs on most stocks in my universe.

Nevertheless, the single most referred to prediction that I made on VMC was the March 10, 2005 DOW high. It is time to make sure that I’m unequivocally clear that the March 10, 2005 prediction was wrong and certainly resulted in me losing potential profits.

Len