I got out of the market in July 2010.
I was not watching the board in Nov-Dec 2010. S2's lost a lot of people a lot $$s by his "recs". They are often based on someone's obsolete macro theory of the markets. He always seems to rec a stock just before it's tanks big-time. Let's just call it bad luck.
The yahoo SOL board is buying this bargain stock and it hasn't even bottomed yet. Others are claiming it's been the victim of "naked short selling" (per a CNBC video). Even if that were true, it makes no difference. SOL's break of it's support at $8.50 was catastrophic (as we can see now). Did S2 come on the board & rec dumping it then? He was no where to be found.
The coming end of QE2 has figured heavily in to the market's recent fall. Do S2's market projections consider the cessation of FED stimulus in the market going forward? Are they being made with QE3 as a certainty?
This market (at this level, we've only dropped about 6%) is "only" fueled by the FED's cheap dollars. More stimulus, market goes up, no stimulus, market goes down.
All S2's macro theories are just that, theories. A theory is just a supposition based on previously accepted principles. The "market profile" is constantly changing. Right now, it's not Pring, or Lynch, or Buffett, it's "The FED", and nothing else.
AI
