Dow 36000 or Dow 6800

Isn't it ironic that the bears who called for Dow 6800 by end of the year are out denouncing the author of Dow 36000. Both set of people are spectacularly wrong as of now. Both set of people made outrageous predictions based on some fancy theories. A good example of the pot calling the kettle black.

The mass media loves these kind of predictions and people who make such predictions.They are a constant present on the media everyday pouting out such extreme scenarios. It is good strategy to market books, newsletters and advisory services. The oldest trick in the mass media business is to make outrageous predictions. It gets attention. Paris Hilton knows it well. More outrageous her behaviour the more she gets attention. As a trader it is much better to stay away from such wild attention grabbing predictions.