Quite the witch’s brew of a column here by Robert Kiyosaki, author of Rich Dad/Poor Dad. He’s telling us where the stock market is going — sub 6,000 — according to a couple of steadfast rules: the dead cat bounce and the 50% rule. I think Citadel is opening a new hedge fund with both of these strategies in mind, in fact.
I’m not sure about dead cats as they relate to the market. You might as well have a monkey throw darts at the wall. That’s my opinion. But Kiyosaki is the rich guy, not me, so maybe you’re better off with dead cats rather than live monkeys.
Below is a graph Kiyosaki used in his Yahoo! column to illustrate the “dead cat bounce.” I think that says it all.
This is copied from Robert Kiyosaki's column on Yahoo! Finance. Not much else I can say.
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I think Citadel is opening a new hedge fund with both […….
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Quite the witch’s brew of a column here by Robert Kiyosaki, author of Rich Dad/Poor Dad…..
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