Tag Archives: TARP

Did S&P 500 bottom at 666 (on 3/6/09)? Answer: It will likely take the rest of 2009 to know the answer. This symbolic market index number appears to be the latest bottoming call for the growing multitude of in-print and on-the-air callers, some of whom have been calling for more than a year. (Some even said they ‘smelled a bottom’… in print, no kidding… as early as February 2008.) Unfortunately, we failed to keep a count of them for you. Such dead-wrong, but easily forgotten, market calls prompt us to recite one of our favorite rules from the Official Forecaster’s … Continue reading →