Monday, December 28, 2009
I STAND CORRECTED: PETUK AND ALLIE CAN FORECAST THE STOCK MARKET!
Actually, it's just Petuk. I didn't realize it, but apparently he totally called it about 3M Co. -- "Disappointing earnings forecast," he said, and man, was he right. He's concerned about the P/E ratio on the S&P 500, but cautiously bearish on hedge funds.