AJC Praise Dooms Dow – Where will the Slide Stop?

NASDAQ, S&P 500, Dow Jones Industrial Average

By Bottarelli Research

Tuesday, May 22, 2012

Here are three Abby Joseph Cohen predictions that have gone horribly wrong:

In late 2000, Cohen was still pushing tech stocks. The NASDAQ (COMPQ) went on to lose 78% (illustrated below).

NASDAQ Crash 052212

In August of 2007, she predicted that the S&P 500 (SPX) would rally to 1,600. In December she upped her target to 1,675. The SPX lost 58% (illustrated below).

SP500 Crash 052212

On April 30, 2012, Cohen advised followers to ditch bonds and buy stocks.The following morning, the Dow Jones Industrial Average (INDU) hit a final high of 13,338. Since then, it has lost more than a thousand points (illustrated below).

Dow Crash 052212

Trading Tip: When Cohen says buy, we say run. Or sell. Or just turn off the TV whenever you see her face. Right now, the Dow Jones Industrial Index is desperately holding on to the 200-day moving average. A failure here will see it drop to 11,922.

On May 5, we advised Bottarelli Research LEAPS members to buy puts against Cohen’s employer, Goldman Sachs (GS – NYSE). So far, these puts have gained as much as 158%. There are six other companies on our high-risk, high-profit watch list. Find out what they are here.

Featured in this Report:

Disclaimer

Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.

Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.

CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.

Premium Subscriptions

For specific buy and sell recommendations, subscribe to a Bottarelli Research trading advisory service.