What is going on here? No new articles from EJ since he got it all wrong for 2014.
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iTulip is dead
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Re: iTulip is dead
He did not get it "all wrong for 2014"
You have to read the entire article very carefully.
Yes a possible top, but no time to short.
You also need to read all his comments to questions in the article. The call for interest rates to decline while everyone else was calling for a rise is an excellent call.
The long treasury bond did almost twice as well as the S&P 500 in 2014. Excellent returns came to those who acted on this one call.
While EJ held out the possibility of a top in early 2014, he also introduced the possibility of the S&P 500 going as high as 2,600 and the potential for forestalling a recession until 2018.
The key is to read and reread carefully all of what is said; plus to pay close attention to future comments EJ makes from time to time. Also pay attention to key members with expertise in other key areas.
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Re: iTulip is dead
Originally posted by radon View Post
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Re: iTulip is dead
I think its VERY unfair of people to attack EJ.
The CB's are running the markets, prices are FIXED............so what can he talk about?
As for getting it WRONG, well up to the end of the FREE markets he was spot on.............its a bit like guessing the out come of a Footbal game only to have the REf stop the game half way though & re-write the rules...
Mike
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Re: iTulip is dead
Central bank's and guvs. distortion of asset prices is nothing new. Just remember as an extraordinary example Paul Volckers worldwide turmoil when he took Fed's rates to 15% (or so).
On the same vein today's VW's diesel cars affair is another example of regulatory office fixing an asset class.
Maybe today the matter of FED's and other CB's global intervention is more extended.
Assets prices forecasting has always been extremely difficult. For easily understood reasons it coudn't be otherwise.
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Re: iTulip is dead
Originally posted by Mega View PostI think its VERY unfair of people to attack EJ.
The CB's are running the markets, prices are FIXED............so what can he talk about?
Personally, I did just re-up for 2 years because I'm hopeful that there will be things to talk about and I'd hate to miss them. Also, I'm happily invested in VirZOOM and one of the Easthams. But it would be hard for me to encourage a friend to subscribe given the current pricing vs content.
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