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).
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).
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).
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.