Sign of a Market Bottom? Bonehead gets Bearish on Everything?
You all may remember this cranially-challenged kid, Casey Serin, who lied on mortgages (and admitted to it in a blog), defrauding banks of millions of bucks to buy real estate "investments," and watching it all crumble to nothing. (Good summary here.)
His blog was a media darling for a while. After his star faded and his wife left him, he has tried various other schemes, including the "self-help book," the penny-stock gold-mining scams. Now he's become loudmouthed "truther," Christian financial-crisis survivalist, predicting end times.
I suspect that when boneheads like this go from "you can't lose!" to "you can't win!" we're approaching the bottom of the cycle.
Really, take a look at the amazing and hilarious rundown of this kid's career on Caseypedia.com.