From the Washington Post: Market predictor Tom DeMark has
some big names among the faithful. Past
the two Bentleys in the driveway and beyond the pool and mini water park, the
home theater and a sports bar hung with enough memorabilia to equip a
basketball team, Tom DeMark has his office — a dark, wood-paneled lair with six
computer screens.....
Since he started in the investment business in 1971, DeMark
has advised some of the biggest names on Wall Street, men such as Paul Tudor
Jones and Leon Cooperman. He’s a consultant to Steven Cohen, founder of SAC
Capital Advisors, which manages $14 billion, and John Burbank, founder of $3.4
billion Passport Capital. SAC and Passport each own a piece of DeMark’s
company, Market Studies. DeMark has a phone on his desk that’s dedicated to
Cohen, whose hedge fund has made money every year save one since 1993.
DeMark’s system for predicting where markets will move,
divined from four decades of chart gazing, is based partly on the recondite
mathematical relationships that devotees see in the design of the Parthenon in
Athens and the Great Pyramid of Giza. Get DeMark’s followers talking, and their
enthusiasm for his market calls is unbounded……
No comments:
Post a Comment