Blog Claim "Markets Flat Before Geithner's speech", Really?

[tobyguy]

My main post speaks for itself (harsh, yes - would I tone it down a bit if I did it again, sure).

John, you provided incorrect proof to back up your argument and have failed to address it.

You can try to change the discussion, but it does not change that fact.

I do not require your "saving".

In regards to your comment about me not being the first one to have claimed that news does not move markets, I never made that claim of being the first nor did I even hint at that. I was simply making a point that both your timeline and sequence of events were incorrect (which clearly they were - something you have failed to admit, even though it's plainly obvious).

On the topic of not being the first. Do you really think you were the first to predict a deflationary crash? Do you really think you were the first to talk about how stock prices are at historically high evaluations and that they are going to crash back to somewhere around their historical values (or lower)? In criticizing others for jumping on that band-waggon (which you yourself have done) by claiming you had been talking about it since 2003-2004 (or around there), you're only claim can be that you jumped on the band-waggon sooner than certain others (but are still riding that same band-waggon).

Look at your own actions before criticizing others and give credit where it's due.

Signing Off.

Tobyguy

[malleni]

"...
Do you really think you were the first to predict a deflationary crash? Do you really think you were the first to talk about how stock prices are at historically high evaluations and that they are going to crash back to somewhere around their historical values (or lower)?
..."

I am quite sure - Definitely.

[MGUYH8]

Not to be-labor the point, but Bespoke Investment Group has a similar graphic and blames the market decline on Geithner's plan, that is not a plan. While there may be no direct cause and effect, several commentators (including John X.) make the same point.