In June, while the market was bleeding, the famous analyst PlanB announced its worst-case scenario. Although PlanB’s targets were seen as volatile targets for many investors at the time, we saw that all targets were met by November.
The worst scenario, announced by PlanB in June, was as follows;
“We can see continued weakness in June and July for a number of fundamental reasons. In my worst case scenario for 2021, we will be over $47,000 in August, $43,000 in September, $63,000 in October, $98,000 in November, and $135,000 in December.”
Pinpoint realization of all targets until November had raised the $98,000 expectation for the current month. 5 days before the end of the month, while the hopes were gone, an explanation came from PlanB.
“According to our bottom pattern, our November target of $98,000 may be the first target we missed after August, September and October. But our S2F model is still unaffected and heading towards $100,000!”
Responding to people who were angry because the goal was not achieved, PlanB used the following statements:
“It’s really ridiculous that when you post information for free, people are somehow holding you accountable for their investment decisions and actions. Everyone is responsible for their own decisions and actions. Blaming others is a sign of immaturity.”
*Not Investment Advice.