Top 10 'Financial Geniuses' Who Got It Wrong in 2008
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Everybody makes mistakes, but some mistakes are bigger than others. So OptionsZone.com decided to look back at 2008 to determine who were the top 10 "financial geniuses" who got it wrong in 2008.
You could probably count the people who got it right in 2008 on one hand, but it was a long list to choose from when it came to past and present financial giants, corporate CEOs and even government officials who didn't see a crisis coming our way.
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Sam Collins
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The bulls have succeeded in holding off any heavy liquidating, but it is very difficult to determine whether the bulls or the bears will lead the market in the near future.
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The recent pullback on profit-taking may be a good opportunity to buy ASA for the longer-term.
The Nasdaq is looking very tired and barely able to hold above its 20-day moving average.
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CHSI broke through the critical resistance at $24, so look for it to run higher.
Bulls Will Struggle Without Higher Volume
The Nasdaq underperformed the other indices for the first time in two weeks, and the Dow and S&P 500 are moving into some areas of heavy overhead.
