Bob Doll Hears A Bell Ringing At The Bottom

March 25, 2008 at 10:03 am  ·  Category: Sentiment Analysis

Another bottom caller: Bob Doll, Chief Investment Officer at Blackrock, called a bottom this morning on CNBC’s Squawk Box (9 minute video clip).

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 
One Response to “Bob Doll Hears A Bell Ringing At The Bottom”
  • Bob Doll is right. This market will snap back like a balsa-wood rubber band prop twisted to the point it can’t twist anymore. Let’s just hope we have something stronger than an balsa-wood frame. I think we do, and its in our heritage. For every action there is an equal and opposite reaction. I predict that we will see the most rapid growth ever seen in the markets. Just like the Pine Barons Forests of New Jersey see rapid growth after a forest fire in the months following the fire, so too will we see the rapid growth of companies that have fallen down, but got back up. Companies like Smith & Wesson (SWHC), Louisiana Pacific Corps (LPX), US Gold (UXG), Dry Ships Inc. (DRYS). These companies are older than the US Air Force, combustion engine, and nuclear power. They have survived a depression, two world wars, a cold war, and they survived and remained listed above $1.00 through the worst economic firestorm ever. I predict we will see a record jump, maybe even a 1,000 point day with plateaus being set at 9,000, 10,000, 14,000, and a push to break the record from last year taking us to 16,000 before Christmas. This was all just an existentialistic deception. There were enough people running scared at the country-clubs with opposed rationalism and empiricism, that they stressed their individual unique positions as self-determining agents in the marketplace to the brink of irresponsible behavior. Then by selling at a loss, for merely the satisfaction of being in control and the authenticity of his or her choices, they have lost everything in the attempt to save everything; most important to them; pride, before profit.

    Nothing happened in America to cause this that wasn’t merely on paper. There was no lack of rain that destroyed the crops, we didn’t have a giant meteorite take out the state of Pennsylvania, and we didn’t have a presidential assassination like many feared and still do. All we have to fear, is fear itself. Bob’s right, this environment is “energy” rich. There are buyers waiting on the sidelines just waiting to see the “whites of the markets eyes”. The potential for a single day leap back into the teens is imminent.

    Investors will never see this happen again, this is a once in a lifetime chance to hop on “the train” while we are under 9,000. It’s going to be 2010 soon. What would Arthur Clarke have to say about this? I think he would say we only have one way to go; into the stars!

    Joshua Kocses  ·  Mar 25, 2009 at 11:59 am  ·  Permalink

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