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Cohen Says It's Definitely All Over

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Can't fight our Abby.

From Karl Denninger today:

If you listened to Abby Cohen in January of 2008, when the Dow was at 12,000 and change, you lost over 3,000 DOW points, or 25%, as opposed to gaining 22%, for a total error of nearly FIFTY PERCENT .vs. her prognostication.

By any measurement this is a catastrophically-bad performance and if your portfolio was invested "per her recommendations" you got destroyed.

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If she says they see fair value at 1050-1100 then you can pretty much guess where they'll be unloading.

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But up to that point she's is qualifying everything with "it depends on pigs flying in 2010", basically acknowledging this is a bounce.

Corrected above.

Edited by williamdb

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