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Bob "Horrendous Keynesian Monetarist Nightmare" Janjuah: "S&P Fair Value Is 850"
Everyone's favorite permabear, Bob Janjuah, was interviewed by Bloomberg TV's Erik Schatzker. Among Bob's observations were that the EURUSD is going to parity, that Treasury yields will surge, that the European bailout is at a dead end in Europe, that the S&P fair value is at 850, and that gold will "easily" see $1,500/ounce this year. Not much new here for those how have followed his musings on Zero Hedge, but a terrific ten minutes for those who have yet to be introduced to Bob.
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Tyler please stop with the pessimism and get with the program.
Janjuah knows why he is writing reports and giving worthless trading advice instead of trading for a living. This guy would blow up and be broke in record time.
A lousy trader perhaps, but honest.
Godfader, what's your point? Only those who could/would trade successfully amongst the banksters have any value? All non-traders are worthless?
Here's a newsflash - traders are doomed. The Wall St. casino is also doomed?
Figure out which side you're on... stick with the 'trader' crowd if you like, just know that you are bait-on-the-hook.
Doomed? Maybe in about 100 years....
Fair value could very well be 850. How often have you know the market to trade at fair value? Especially during the tail end of a "crisis of confidence"?
http://www.bournemouthhypnotherapy.co.uk/confidence.gif
The problem is that equity markets are heavily supported. Bulltards were slaughtered in 2000. Then again in 2003. Then again in 2007/2008. When this mother of all bubbles pops, don't think buy and hold is going to work for a while.
How so?
This is an important point.
James Randi is good at exposing Sylvia Brown because he's better than her at her own game.
Who is the James Randi of day traders, exposing the madness?
ZH, maybe?
Rating traders or market advisors is like rating tv weather forecasters. Focusing on selected historical points can make any of them look like an idiot or a genius. But mostly, after you get past the charts and pseudo-science, they are all just guessing like the rest of us.
I agree 100%. Whenever specific claims are made, they may as well be flipping a coin. But if they made general statements like, "long-term, we are totally and completely screwed," statements I'd agree with wholeheartedly, there wouldn't be much of a demand for them in the crystal ball reading mainstream financial media. So, everyone gets in front of the camera and acts like they know what the hell they're talking about.
Spot on Bob.
This is why if I have to watch MSM financial news, I usually watch Bloomberg. It was a normal, reasonably professionally done interview. Imagine this interview on CBNC - in the morning segment, Joey the Village Idiot Kernen would have been all over him, cutting him off, disparaging his point of view, etc. Mark "the financial fossil" Haines would have been, at best, rolling his eyes and harumpfing. Heaven forbid they listen attentively, and then ask intelligent questions. It's the attempted financial equivalent of a soap opera, but without that talent level normally found therein.
"Give the governer a hurumph!"
I'm beginning to think ZH is for Losers. Why all the griping and complaining? You can make money short or long. Just be on the right side of the trade. I fleece idiots like you. Oops, gotta go. I see a Sheep that needs fleecing.
Baaaa--aaa--aaaa--aaahhhh.
Another internet tough guy/gal......even if you are "all that and a bag of chips", which I doubt, humility is a discipline of trading which you have obviously yet to acquire.....
"humility is a discipline of trading which you have obviously yet to acquire...."
Don't worry - the market will soon "acquire" to him/her. Maybe tomorrow.
Only the veterans learn to live by this this, though!
The rest are lambs to the slaughter, not to be seen or heard from again.
our mission:
our method: pseudonymous speech...
anonymity is a shield from the tyranny of the majority. it thus exemplifies the purpose behind the bill of rights, and of the first amendment in particular: to protect unpopular individuals from retaliation-- and their ideas from suppression-- at the hand of an intolerant society.
...responsibly used.
the right to remain anonymous may be abused when it shields fraudulent conduct. but political speech by its nature will sometimes have unpalatable consequences, and, in general, our society accords greater weight to the value of free speech than to the dangers of its misuse.
- mcintyre v. ohio elections commission 514 u.s. 334 (1995) justice stevens writing for the majority
though often maligned (typically by those frustrated by an inability to engage in ad hominem attacks) anonymous speech has a long and storied history in the united states. used by the likes of mark twain (aka samuel langhorne clemens) to criticize common ignorance, and perhaps most famously by alexander hamilton, james madison and john jay (aka publius) to write the federalist papers, we think ourselves in good company in using one or another nom de plume. particularly in light of an emerging trend against vocalizing public dissent in the united states, we believe in the critical importance of anonymity and its role in dissident speech. like the economist magazine, we also believe that keeping authorship anonymous moves the focus of discussion to the content of speech and away from the speaker- as it should be. we believe not only that you should be comfortable with anonymous speech in such an environment, but that you should be suspicious of any speech that isn't.
Do you have this saved on your hard drive for quick implementation?
If you will direct your eyes to the upper right hand corner of the webpage you'll see "manifesto." Use your index finger to press on the left mouse button and voila!
Your take on gold/silver over the last few months would imply you have missed and are missing a big trade opportunity. Also, I have never seen you use a word that implies you have any idea what you are writing about. All you do is throw insults. And if ZH is for losers, and you post here, Aristotelian logic implies....read a book!
the only sheep you are fleecing is when a hooker turns you down and you need to look for alternative solutions to satisfy your libido.
now go get me a beer ... bitch
and a sandwich
Jory = dupe.
See you on the bread & soup line in 2012, Jory... short-sighted greed monger.
No idea who you are or if you are really anybody at all, but you sound like you are trying to pass yourself off as the hot-shot, ultra-short-term type who gravitates towards the latest "hot stock" tips without any concern for what happens the day after tomorrow. You should be watching Cramer, not posting here. Not that Cramer would ever advise you to short anything...
Big talk!
With all your talent and wealth, I am surprised you would log on at all!
And how would you know if ZH readers are making or losing money?
Back to troll city!
You're absolutely spot on. Of course, judging from the comments of some people they rather want to see blood and riots in the streets rather than make money trading the markets for a living. Go figure.
You just stick to your knitting there little fella. Don't worry about what the adults in the next room are talking about.
Did you skip school again?
I thought I told you to wait in the truck!
Frickin'-Frackin' BORG.
I will not be assimilated into your Ponzi Pyramid POS Market for you to steal at your convenience.
Say No to the Collective.
Say No to the abandoning free will.
Say No to detrimental despotic determinism.
A bank employee talking like this...I am shocked.
"Keynesian" + "Horrendous" + "Nightmare" =
Triple Redundancy
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Hi Vegas.
Love Bob. Thought he'd be a little older.
Man, he said EUR/USD parity, didn't I make that call several days ago?? Whose line is it anyway? I did say EUR 1 for 1 though. I think Bob is spot on with all of it. You can tell a man that knows his stuff, when he doesn't have to search for the answer to a real question, he already knows it. CNBC is full of cheerleading paid off ponzi's.
Nice to see Bob has SPX 850.
Everybody just hear the ZH plug on Bloomberg, not more than a minute ago?
question==> answer==> follow-up question==> elaboration...all succinct and direct without interruptions and belittling
Sure is an odd way to do an interview.
Yeah, it sure would be fascinating to see CNBC try such a format, just once! But then they would have to attempt to behave honestly and decently toward their guest, and risk exposing the truth --- the horror, the horror!
NO. Fair value of S&P is ZERO.
It should be negative.
BRUSSELS — Britain’s neighbors accused it of shortsightedness on Tuesday for stinting on contributions to a rescue package aimed at staving off a broader financial crisis in countries that use the euro.
Under the agreement reached early Monday by finance ministers from all European Union countries, contributions to the 440 billion euro, or $559 billion, “special purpose vehicle” are voluntary for the 11 countries that do not use the euro. Even so, Sweden and Poland have said they would chip in on a case-by-case basis.
However, Alistair Darling, Britain’s chancellor of the Exchequer, told the BBC on Monday that it was “entirely up to the euro group to support their own currency” and that Britain was “not indemnifying the euro.”
That has provoked criticism from some Europeans.
S&P 850 WTF!!
should it be a permabull fair... S&P 200 down the road when mother nature kicks in and apocalypse hit the stage...
Props to Bob for resisting the urge to choke that little faggot with his baby blue tie.
I'm with Bob!
yooo folks, 1.6 million layoffs are announced for July.. Things are just starting to get bad...lookkkkouutttt beellloowwww
He's Indian, a bankclerk and he talks funny. Can we forget this episode already? ;)
What's wrong in him being Indian??? Elaborate Crapper...entertain us...
LoL. You ever been to India? I give you week and you'll feel something throbbin' at the back door.
Don't say I didn't warn you! (^_*)