Can't tell you the name of this highly touted and respected wall
street analyst but this guy called 1K gold 3 years ago and called
a stop market top back in Sept 07.
Here is a C&P of part of his latest release:
U.S. Stock Market - The massive influx of money created out of thin
air has bought the bulls some time but I don't think the worse is
over. I do think the downside target remains DJIA 10,800-11,000 until
further notice
U.S. Dollar - So long as economic weakness persists, rallies should be
just bear market corrections. Somewhere down the road, when it becomes
the inflation genie is out of the bottle to all, then we could see a
signifcant dollar rally as interest rates rise sharply. But that is
more likely at the minimum, 12-24 months from now, if not longer.
|
