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Originally Posted by _______
If you don't have time parameters, nearly every prediction will be right.
Dow 36,000 being correct doesn't rule out RR also being right if you allow enough time.
To his credit, RR put a time parameter on his prediction.
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A lot depends on your investment style.
If you are a day trader you have to be right within hours.
If you are at the other end of the spectrum (like me), several years is fine.
Then there is everything else in between.
Also, there could very well be new information that will cause me to take a less conservative stance.
