Friday, April 1, 2016
Who made this call? I did!
Back in January when the market was selling off I said that it would end up to t be a major bottom for the year. In early February when the interruption of IRS tax refunds was rectified, I issued a "Buy, Buy, Buy" recommendation and the market literally took off the day I said that.
No one else out there made these calls. In fact there were some terrible calls, like the RBS "catastrophic selloff" call that I said would go down as the worst call by by any forecaster ever made (at least this year).
How did I do this? Do I have a crystal ball? Well, yes and no. I have been looking at flows. I have been talking about flows. Without question this has given me insight into the markets that have been far more prescient than those looking at anything else, including and especially, deficits.
This blog has been more accurate than any other source of market or economic information out there. It's something to think about. We're growing and I am pleased. We have a lot of really intelligent, thoughtful, followers and contributors and commenters, but why we don't have a million readers a month is beyond me.
I guess you don't find diamonds lying around in the street. That's what makes them valuable.