…the tough venture out to the mall on a Saturday afternoon to see what’s going on in the “real economy”. As it happened, we were no more than 50 yards around the corner from the shooter at Westfield Southcenter, the largest shopping center in Washington State. Appropriate Shopping Attire: headgear, armour and assault rifle The experience [...]

After Arjun Murti comes Harry Dent. Yes, that guy: Dow 40,000, Nasdaq 20,000 by 2009; Harry Dent predicts a ‘New Millionaire Economy’ November 03, 2004 — In fact, Dent wins our annual Super-Optimist Award. He’s the No. 1 cheerleader for America’s stock market. You will love reading the predictions in his new book, “The Next Great [...]

After Richard Russell comes Arjun N. Murti of Goldman Sachs, he of the $200 oil target fame: An Oracle of Oil Predicts $200-a-Barrel Crude . . . Mr. Murti has become the talk of the oil market by issuing one sensational forecast after another. A few years ago, rivals scoffed when he predicted oil would breach $100 [...]

Our first Doomster was Louise Yamada. The second one is none other than Richard Russell. It was reported yesterday that Mr. Russell wrote the following in his Dow Theory Letters: The market is warning of a coming depression. Next year there’ll be a huge problem of unemployment, job openings will have disappeared, and every business [...]

WSJ.com reported that, “The Dow Jones Industrial Average surged 500 points amid reports that President-elect Barack Obama will name Timothy Geithner, the current head of the New York Fed and a prominent figure in the government’s recent market interventions, as his Treasury secretary. The rally halted a sharp two-day plunge which had pushed stocks to [...]