Jon Markman who writes on msn mentions from time to time "Mr P", supposedly a smart guy at one of the hedge funds. I think, generally speaking, his forecasts were pretty good.
<Now Mr. P’s way-out-of-consensus belief is that the U.S. and global economies will slide into a pronounced recession in 2005 -- an event that will take stocks down 20% or more, boost bonds, spike the dollar and juice commodity prices. The plunge in stocks will end by the third quarter, he forecasts, followed by a rally that leaves prices modestly higher>
Zeev, SNDK reporting today after market. If it keeps falling going into it, like it did in July, should we assume they'll report good numbers and gap up tomorrow? What's your strategy, if I may ask?
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