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.

Amazing, no? As if miraculous healing powers weren't enough.

Allie still hasn't shown much of a gift for stock-market forecasting. I have to be candid about that. He's still a great dog who deserves a home.

Unfortunately, it was Allie who was managing the Simba Fund. So please help out.

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