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Poor and StupidHow big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good. |
What Exactly Was Bear-y Talking About?
Posted on 04/18/2007 16:27:05 | Link | Post Comment
Reader Frederick Hawkins wonders what "external event" Barry Ritholtz had in mind when he predicted Dow 6800 in 2006?
"The move from Dow 8800 to 6800 won't be a rational, calmly contemplated affair. No one will be quietly wondering about option-expensing or multiple compression. Instead, it will be a severe overreaction to some external event."...like the election of a president who has Barry Ritholtz as an economic advisor.
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