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A PermaBear Turns Bullish: 150% Gains Coming
When would you rather buy the Nasdaq? On March 23, 2000, at 4,940… or yesterday, at 1,512?
Back in early 2000, one well-known professional investor turned incredibly bearish…
He’s one of the few pros who invested during the last great bull market in the late 1960s. He’d just gotten out of school and he quickly made enough money in the stock market to pay off his debts, buy a BMW, and even a nice house.
Then he lost it all… Come 2000, he didn’t forget the lesson. He called the top in the markets with more conviction than any other professional investor.
I have…
24Mar2009 | Stansberry and Associates | 0 comments | ContinuedGlobal Investing News
Abu Dhabi Buys Daimler Stake; Tata Launches Nano; Walgreen Beats 2Q Estimates; Banks Hurt by Plunging Commercial Property Prices; Gannett Furloughs Workers Again; Oil Nears 3-Month High; TreeHouse Foods Climbs on Private-Label Buying
- Abu Dhabi’s state-controlled International Petroleum Investment Company (IPIC) said it would buy a 9.1% stake in the German automaker Daimler AG (DAI) for almost $2.72 billion (2 billion euros). It also pumped $1.41 billion into Aabar Investment PJSC, giving the Middle East emirate majority control in the IPIC, Reuters reported.
- Tata Motors Ltd. (ADR: TTM) announced it will begin sales of the Nano, the world’s cheapest car. It will accept bookings…
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