Fwd: Don Hays IS Bullish (In an Ass-like Fashion) Again!

I sure don't approve of Jas Jain calling others names... so make sure you read his market prediction at the end.


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Subject:	Don Hays IS Bullish (In an Ass-like Fashion) Again!
Date:	Mon, 12 Apr 2010 13:19:04 -0700
From:	Jas Jain <jas_jain@hotmail.com>
To:	Jas Jain <jas_jain@hotmail.com>

And for all the same reasons he gave in 2005 and 2007!!!!!!!!!!!! To me, he epitomizes born-and-bred American dopes (that never learn from outcomes counter to their deeply held beliefs). 

 

Here is what I concluded a couple of years ago (see the appended text), "Hays is not a bull but an ass." An ass never quits no matter how long and how many times he has been proven to be wrong based on the same reasoning. This ass has been proven wrong for the past 9 years in terms of "long-term" bullishness. 

A genuine bear,

Jas

-x-x-x-x-x-x-x-x-x-x-

 

A couple of years back I said…

Let us see, Hays predicted S&P 500 to end 2007 at 1,800 just few months ago. He gave birth to "the baby bull" in August 2001. He turned very bullish earlier in 2001:

 

06/15/01 Hays: significant buying opportunity is VERY close at hand

07/16/01 Hays Bullish with targets of 12,600 and 2500-2800 [Dow and NASTYQ!, respectively]

 

At the time the S&P 500 was in 1200s the same as in September 2005 when he "told clients to expect gains of 100%-plus in the next couple of years:"

 

"In late September [2005!], Hays told clients to expect gains of 100%-plus in the next couple of years, in part due to vast piles of individual and corporate cash being put to work amid "the reinvigoration" of the U.S. dollar and productivity. "The monetary liquidity floating around the world is so humongous, it is impossible to describe all the pockets overflowing and looking for a home," he said, adding that he believes U.S. GDP is on track to double to a 7% annualized rate, while inflation will remain in a 1%-to-2% range over the next decade."

 

http://www.thestreet.com/funds/supermodels/10247046.html

 

 

As you can see from the above, Hays is not a bull but an ass. I feel even better about my call of the Market TOP, made in real-time, on October 11, 2007, than I did before.

 

Jas

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Kirk Here. 

How does Jas Jain rate this all time "Jas Jain favorite" =>Bear Market Model