Their data points are pretty compelling in the way that they point to an imminent market correction.
Long or Short Capital: I’m Calling the Top, today. My ten signs
Long or Short Capital: I’m Calling the Top, today. My ten signs
8. Actual NYTimes headline: “At Cannes This Year, the Bankers May Outnumber the Movie Stars”
9. Michelangelo Volpi left his position as the head of an $11 billion division of Cisco (NASDAQ: CSCO) to become the CEO of startup Joost, which just raised $45mm of VC funding. And he isn’t crazy since Joost will likely be acquired for $40 billion in 2 months, or roughly 5 billion times revenue or negative 30 million times their projected 2010 cash flow.
9. Michelangelo Volpi left his position as the head of an $11 billion division of Cisco (NASDAQ: CSCO) to become the CEO of startup Joost, which just raised $45mm of VC funding. And he isn’t crazy since Joost will likely be acquired for $40 billion in 2 months, or roughly 5 billion times revenue or negative 30 million times their projected 2010 cash flow.
By the way, this coincides with a comment I made privately that I know that the Alberta Real Estate sector is going to cool off and correct any second now. My key indicator: someone I know who is a lifetime butterfly chaser with a bad case of Get-Rich-Quick Fever has publicly declared that they are going to get their Real Estate licence and become a realtor. Given that this person is batting .1000 for having everything they touch turn to shit, I can safely predict the market top in Alberta Real Estate will be the week before they get their licence.
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