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Meredith Whitney is BEARISH

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Nov 18, 2009 2:50 am

Another prediction?



Nov 18, 2009 2:58 am

[quote=Moraen] Another prediction?



[/quote]



it’s very frustrating talking to retards who only understand buy, buy buy, like their firms tell them to do . does anyone on this entire forum besides me understand how the financial system works. I have never met more people in denial in my life. I understand that you have to keep up this false sense of a recovery in order to get your clients to buy but you are only blowing up the bubble. The end result will be more pissed off clients. you monkeys can only screw them over so many times before they are done for good. good luck

Nov 18, 2009 3:02 am

No one is saying you are wrong, or that they are listening to their firms.



What we are wondering (at least I am) is why do you make predictions like you know where the market is going?



Plus, how do you know we haven’t taken money off of the table for our clients on overvalued positions?



Because you assume EVERY stock is overvalued?

Nov 18, 2009 3:13 am

watch cnbc. every single person says that the mkt is going up thru the end of the year. they all say that their is a ton of money on the sidelines. they all say the recovery is substainable. It’s like a bunch of cheerleaders. There is zero recovery…the only thing going on is the dumbsht analyst had their numbers way too low and companies are beating expectations ( mostly by cost cutting ). Check out the s & p p/e ratio way to high. Check out the VIX way too low. There a sense in the mkt that it’s easy money. Anytime the old men at Dunkin Doughnuts are sitting around talking about how much they are making in the mkt…the game is over. It is so obvious it’s not even funny. Take money off the table…sht …you should be either all cash or short. This economy is on life support from autos to housing and the second they pull the plug the patient is dead. I understand you have to sell to make money , and most clients don’t understand shorting a stock…so if you have any personal money the buy something that bets on the downturn. that way when your clients get clobbered at least you will survive. This a whole new world. Check out how much money over the past ten years was spent using Home equity lines or credit card. This all help companies produce earnings.That money is gone. where is the new batch of spending money coming from…savings …I doubt it.

Nov 18, 2009 3:36 am

Why are you calling me Mel? and can you explain ? or are you just someone who makes a comment that makes zero sense

Nov 18, 2009 3:41 am

Lets see:



Take some bubble gum and make a bubble. Do you notice that the bigger the bubble gets the bigger mess it makes. welcome to the stock mkt

Nov 18, 2009 3:45 am

[quote=mlgone] thats not the way we play newbie…



u just embarrassed yourself with that comment[/quote]



Sorry mlgome I forgot one thing . Before you blow up the bubble you’re supposed to take the d*** out of your mouth

Nov 18, 2009 3:50 am

[quote=mlgone] [quote=THE BUBBLE GROWS] [quote=mlgone] thats not the way we play newbie…



u just embarrassed yourself with that comment[/quote]



Sorry mlgome I forgot one thing . Before you blow up the bubble you’re supposed to take the d*** out of your mouth[/quote]



Tell ur sister I am done then…



Man what a whore[/quote]



Ok lets try this…dig deep into your tiny brain. you are an FA correct. Why are my comments on the mkt wrong. Lets play like I’m a client for a second. What would you tell me. I know you can do it

Nov 18, 2009 3:53 am

[quote=mlgone] your fired



go to schwab[/quote]



You are worthless…Do you not have an opinion on the mkt. I would really hate to look for you for advice.

Nov 18, 2009 1:23 pm

[quote=THE BUBBLE GROWS]watch cnbc. every single person says that the mkt is going up thru the end of the year. they all say that their is a ton of money on the sidelines. they all say the recovery is substainable. It’s like a bunch of cheerleaders. There is zero recovery…the only thing going on is the dumbsht analyst had their numbers way too low and companies are beating expectations ( mostly by cost cutting ). Check out the s & p p/e ratio way to high. Check out the VIX way too low. There a sense in the mkt that it’s easy money. Anytime the old men at Dunkin Doughnuts are sitting around talking about how much they are making in the mkt…the game is over. It is so obvious it’s not even funny. Take money off the table…sht …you should be either all cash or short. This economy is on life support from autos to housing and the second they pull the plug the patient is dead. I understand you have to sell to make money , and most clients don’t understand shorting a stock…so if you have any personal money the buy something that bets on the downturn. that way when your clients get clobbered at least you will survive. This a whole new world. Check out how much money over the past ten years was spent using Home equity lines or credit card. This all help companies produce earnings.That money is gone. where is the new batch of spending money coming from…savings …I doubt it. [/quote]

Economics 101 (or 102, depending on where you went):

Recessions are a necessary part of the market cycle.  Unemployment is also part of the market cycle.  Unemployment causes innovation, innovation spurs growth and creates new wealth.  New wealth enters the market, market goes up.

Now, will there be bumps in the road?  Sure.  But one thing is for sure.  History is actually on mlgone and Shania Twain’s side.  Is the current trend sustainable?  I don’t know. 

What I do know, is that if you are analyzing securities, you don’t hold them if they are expensive and you don’t short them if they are cheap.

Not all securities are expensive, and not all are cheap.  So maybe things require a little strategy?