Jim tells Debra why we should listen to Doug:
"A guy who saw things coming when no one else did is a guy who may see things coming that no one else does."Jim says listening to Kass is not the same as betting on the guy who got two blackjacks in a row in a card game.
Cramer says he has known Doug for 15 years and Doug has "always been short" so to have Doug say it is a "a generational bottom" is "shocking" and worth paying attention to.
I prefer to leave market timing to the soothsayers while I beat the markets using "core and explore" investing.
After the markets bottomed in 1998, "Kirk's Newsletter Explore Portfolio" gained 117% in 1999.
After the markets bottomed in 2002, "Kirk's Newsletter Explore Portfolio" gained 77% in 2003.
I look for similar gains after this bear market bottoms . The gains have already started since my portfolio, though down from the peak since I don't pretend to time the markets, is ahead of the S&P500 for both 2008 and 2009.