Ben Shannon on his misguided SELL stock market call delivered just before the stock market rally

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Ben Shannon on his &#8220-SELL&#8221- market call

Previously: Wiser Than The Stock Market &#8212- NOT

UPDATE: Andrew Page + Henry Blodget

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Wiser Than The Stock Market – NOT

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Ben Shannon (alias &#8220-Jesse Livermore&#8221-, who blogs at &#8220-Wiser Than The Crowd&#8221-) claims on his blog to have an uncanny ability at forecasting the future and profiting from it, whether it is speculating on InTrade&#8217-s prediction markets or on the US stock market. Here is his stock market call from July 10, 2009:

SELL SELL SELL

REALITY CHECK:

The stock market is up about 12% since Ben Shannon&#8217-s &#8220-sell sell sell&#8221- call on July 10th.

Spot the 10th on the chart&#8230- Ben Shannon sold the exact bottom immediately before the rally.

ben-shannon-stock-market

Thanks to Deep Throat for the tip.

UPDATE: Ben Shannon on his &#8220-SELL&#8221- market call

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