from King World News:
Eric King: “Jeff, the market has taken a bit of a dive here. What are your thoughts?”
Saut: “Anybody who has been reading my stuff should have been prepared for this. We caught the outside reversal to the upside on April 15. The S&P was at 1,816. And on that day and the day after I wrote that based on my work the upside target had become 1,950 to 1,975….
“And when we hit that about four weeks ago I basically said that on a trading basis, ‘I’m done.’ I told people to raise some cash because some time between now and the end of the year the market was due for a correction.
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