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Karl Denninger Sees Dow at 3,000 Next Year !!

 
Anonymous Coward
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11/15/2010 03:34 PM
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Karl Denninger Sees Dow at 3,000 Next Year !!
[link to beforeitsnews.com]

Karl Denninger Sees Dow at 3,000 Next Year
Submitted by madhedgefundtrader on 11/15/2010


Karl Denninger of Market Ticker thinks there is a secondary banking crisis around the corner that will trigger a cascading collapse in the stock market, and another government bailout. TARP 3 anyone? We could reach 3,000 in the Dow and 300 in the S&P 500.

This is one of many controversial and incendiary opinions about the state of the global financial markets Karl voiced to me in a wide ranging interview on Hedge Fund Radio. Karl says the idea that we are going back to an S&P 500 earnings of $105-$110 a share in the face of the soaring cost input factors is totally laughable.

Bernanke is making the same mistake we saw in 1933. The nightmare scenario for him is a coincident dollar and stock market selloff. The risk of hyperinflation will force him to back off on easy money. If the market goes up by 30% and the dollar devalues by 30%, then you havenít made any money. When cost push pressures show up, corporate earnings are going to disappear. Companies like Kimberly Clark are reporting the largest raw material cost increases in history. Even Apple is seeing cost push problems.
Anonymous Coward
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11/15/2010 03:56 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
1. Karl Denninger was an obama supporter before presidential election. He fell for the "hope & change" b.s. (by his admission). Therefore Karl Denninger is a giantic douchebag!

2. Bernanke is NOT making any mistakes. He's doing exactly as ordered by his lord & master, Satan.
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11/15/2010 04:00 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
weirdo
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11/15/2010 04:08 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
Stock up on supplies we are gonna need them!
Anonymous Coward
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11/15/2010 04:11 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
is a nuke going to go off or something?
Anonymous Coward
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11/16/2010 12:39 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
is a nuke going to go off or something?
 Quoting: Anonymous Coward 1163132



Yes , it is a money and bonds printing bomb just set to explode any time in the next 12 months !!

hiding
Ragman (Rags)

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11/16/2010 12:40 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
DaffyJerk
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11/16/2010 12:41 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
Wow .. i hope he is not wrong with his very bullish statement.
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11/16/2010 12:41 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
:DaffyJerk:
 Quoting: Ragman (Rags)



Panic sex ??
Anonymous Coward
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11/16/2010 12:46 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
1. Karl Denninger was an obama supporter before presidential election. He fell for the "hope & change" b.s. (by his admission). Therefore Karl Denninger is a giantic douchebag!

2. Bernanke is NOT making any mistakes. He's doing exactly as ordered by his lord & master, Satan.
 Quoting: Anonymous Coward 851621

clappa
Anonymous Coward
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11/16/2010 12:50 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
AUGUST 10th 2010: THE OFFICIAL WARNING WAS ISSUED.

Thread: $ GOSSIP DIRECT FROM WALL STREET $
Anonymous Coward
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11/16/2010 12:53 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
is a nuke going to go off or something?
 Quoting: Anonymous Coward 1163132

Well... they tried with the missile launch but something stopped it from going off.
their game is up and they have to live with it and clean up their on shit or die.
Something is not going to allow them to start a war by setting off another 9/11
Anonymous Coward
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11/16/2010 01:46 PM
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Re: Karl Denninger Sees Dow at 3,000 Next Year !!
AUGUST 10th 2010: THE OFFICIAL WARNING WAS ISSUED.

Thread: $ GOSSIP DIRECT FROM WALL STREET $
 Quoting: Anonymous Coward 1166124

hiding





GLP