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Meredith Whitney Is Back To Her Uber-Bearish Ways, "Stock Market Makes No Sense"
M-Dub on the imminent double dip (absent Stimulus 293,495 in under 2 years) and overvalued financials, so basically saying nothing new, yet somehow managing to generate headlines that spook the 2 i7's that are still trading into a brief game of pass the potato. We almost miss Dick Bove.
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Whenever she gets more air-time means she needs to get more botox appointments.
Btw, is hubby Bradshaw still on thestreet.com giving people his suplex of picks?
...don't let her WWF wrestler husband hear that....he might putcha in a "sleeper hold"
http://en.wikipedia.org/wiki/John_Layfield#Personal_life
Dude,
And by dude, I mean divided states, why is it that when somebody is smart and insightful but happens to be a woman, you feel the need to dwell on her appearance rather than the content of what she says?
Meredith Whitney kicks ass. I hope my daughters don't end up with a sexist clown like you.
+100 shorty...
I thought Meredith Whitney was anorexic. What happened to her????
Meredith: Honey, does this black outfit make me look fat?
Hubby: Nope. However, the fat does make you look fat.
Given the high, negative correlation between the USD and equities, I wonder if some participants are selling the USD and buying US equities in foreign currency. Thoughts?
I'm almost certain that you need USD to buy US equities. The dollar shorts are being recycled back into this country however. When one sells a dollar short, said dollar will most often end up in the hands of a foreign central bank. That FCB will then (most logically) buy Treasuries with said dollars. So one bubble that benefits from the dollar carry trade is the Treasury mega bubble (30 yr bull market, boy thats gonna be a big pop).
Luv her!
I do not care what the Uber Bear chatty Cathy's say. We are driving this market to the 16,000 area, like it or no.
Interest remains at 0 until Feb. 2011. Banks will NOT go back to tangible book value until ordered to do so(2012).
You can stay out of equities till 2012, not me.
16K? Try 18K X 2. Dow 36K baby! Since we've gone off the gold standard, every 8.6 years there's been a market crash. Market topped out in 10/07, so the next crash will be 4/16. The wave has turned. This will be no different. The crash in pensions, 401ks has shattered the belief in the "system" by the baby boomers. This cannot be. The "system" will do everything they can to ensure the baby boomers retire on milk & honey, and pass the bill on the next generation. The next generation, will think of new ways to do the same. I do agree Zer0 rates until 2012 at the earliest.
Still, it would be smart to have a few shorts as hedges in case they fail.
Hey TZ. What's the basis for your forecast?
I believe TZ forgot to hit the sarcasm button. Or it's .....gasp....Lloyd.
The funny way that the pumpers act when the freight train won't slow down.
They know that the tracks are greased so the brakes will be marginally effective. Chugga-Chugga Choo-Choo!
Seriously, Meredith is baiting the shorts. We need that to keep momentum.
The hot air baloon won't rise unless you burn enough shorts. The more rediculous and ludicrous the market get's the more kindling.
TZ, good luck to you.
Look to the Nikkei for guidance. I don't think equities will remain on their parabolic course for that long. One must also consider the inevitable tax increases to fund the massive deficit spending.
taxes are only paid by the little people....
This time..the little people are unemployed and collecting from the govt.
It's true! The Mayans predicted it.
Now we know how the world will end.
And what does all this easy-to-understand bearishness mean to the Boyz manning the pumps ??
Zero = Zero times Zero.
Zero = Zero times infinite.
Oh my god.... Did you people not hear the comments after the commercials? It was a 10 minute bash on Meredith Whitney! I mean they straight up said "she even said she didn't know" and that "she was confused".... screw the interview man, show the clip of CNBC flagrantly bashing Whitney... that's the real story, that and Bob Pisani talking about how GE was expanding into China and pumping the stock and he didn't even mention the parent company disclaimer. Seriously, the look of fear stricken panic to anything that could disrail this rally is how I feel more convinced than ever that we're nearly here.
Wait, are you tellin' me them bitxez up in the CNBC studio are talkin' shit 'bout ma Gurl?!?
Ohhh, it's on!
Oh yeah... and you also miss how Maria had announced before the break that the interview with Whitney was because she felt the rally might have "legs"
we may have seen whitney's last cnbs
interview....
it's all the same to me as i never watch the
newsfakers on that cia-fed whore motel...
Meredith coned Maria.
Cramer's comments about her not being "credible" have got to be the epitome of the "pot calling the kettle 'Black'".
yes this is the same ignorant asswipe who declared
that the residential real estate problems would
end on 6/30/2009 (said in may or early june) after which prices would resume their upward climbs....
He also made that dumbass Bear Stearns call in 2008. It's rich that he slams Whitney, when that vapid poop stain brings nothing to the table other than "buy-buy-buy" and "booyah". Idiot.
I've given a limited defense of Cramer in response to other posts. But I will say this -- I think he basically got lucky going long after the 1987 crash, and that's informed his worldview ever since... much to the misfortune of any remaining viewers.
and that's the problem with one hit wonders....
there are far more capable and competent analysts
who are seasoned and have been around the block
without riding a tricycle like cramer...
I'm sure he told people the same thing when Meredith upgraded GS and sparked a huge rally in July.
If I had a nickel for the number of times that evil cramer bastard has been wrong...
If I had a nickel for everytime that evil scum was wrong...
she was in rare form today...i guess she stopped screwing lloyd....
i don't think she said one thing with which i disagreed although i think she soft pedaled some issues such as cre....i remember listening to her several weeks ago thinking, meredith, you ignorant slut....today she did well and was ready with details....
and how in god's name did she get past the ge-fed-treasury censors??
it's time to start taking bets on retailer bankruptcies in january....
I'm sure if she was bullish it would be a different story but on FAST MONEY Melissa Lee just had to ask "Do we care about what Meridith Whitney has to say about non financials?"
I'm sure they'd care if she was bullish
I care a good bit more what Meredith Whitney has to say than I do what Melissa Lee or anyone else left on Fast Money has to say....
I'm sure if she was bullish it would be a different story but on FAST MONEY Melissa Lee just had to ask "Do we care about what Meridith Whitney has to say about non financials?"
I'm sure they'd care if she was bullish
And they followed that up with a must see interview with Peter Shiff. With Charlie's book in between of course.
The Schiff interview was classic sheeple on TV. It's almost like we have to live 2007-08 over again, just to believe it actually happened... Get ready for a suprise kids...
You're right on with that observation! To me this interview says it all. Look at the "system" response(represented by the collaborating Mad Money propagandists). Just look at it.
I hate to bring a religious analogy into this but it fits so well. Couldn't you see the people of Sodom and Gomorrah talking and acting just like this when presented with the truth?
Watch the whole segment.
http://www.youtube.com/watch?v=VkFg_04PMzw
Well I guess the thing to take from this is; if Babylon Burnz, don't look back...
woah woah woah: Charlie has a book..?
and then beaker says its a best seller? Wheres the list?
i loved the way she bitch slapped bernanke...dismissed his speech as meaningless hot air and pointed out that the fashion model was strutting down the runway with nothing but a thong no wider than a rubber band...and bernanke doesn't even have any tits....
so where's the exit strategy benhole? was your hoax nothing more than kick the can? if you can't dazzle them with brilliance baffle them with bullshit..
Meredith looks like she "pigged out" at the Bernanke luncheon.
Then again, she has to wrestle several times a week with her ex-WWF hubbie.
And who the f**ck is doing Maria's makeup these days? Lilly Munster???
WTF?!? Is this supposed to be an episode of Americas' Top Model or some shit?
You comment on their weight and make-up, but have nothing to say about the discussion?!?
hey, I laughed. And I need to laugh cuz this government sachs market is horribly depressing.
agreed....the comment was lame and adolescent...
Peter Schiff on Fast Money. Classic!
http://www.cnbc.com/id/15840232?video=1333083340&play=1
Ah, excellent. I've been wondering what Meredith was thinking lately.
Hey, don't forget to mortgage your house to the hilt so that you can take advantage of the DOW going to 36,000! Not doing so means you don't fully believe in what your smoking.
I didn't have time to listen to the whole clip,
she just said "Bye-Bye-Bye" right?
frankly i find it hard to take whitney seriously after she was puffing up financials during the past few months and then has this revelation. now that the earnings bonanza has passed she's come back down to earth. seriously i doubt she's sleeping with lloyd because "john hawk" would get up in that ass so quick, even divine intervention couldn't help
No you can't take her seriously. HOWEVER, she did call the beginning of rapefest '09 with that bullish call on financials in July. Now she comes out bearish. Perhaps she she gets "the memo"......
It's possible to be bullish in July, then bearish in November based on valuations. She's one of the few rational people out there. It's getting harder to watch fast money. Melissa Lee dogging on Meredith is like Rex Grossman calling Peyton Manning a bad quarterback.
Agree with you 100%, I used to trust her but she must have just been talking shirt term when she went half assed bullish a few months ago, makes her look smart.
I'm sure congress is sorry they ever hired her. You have to hand it to her, she has absolutely zero institutional power. She is treated like a leper by congress or would be if they even recognized her. Her office appears to be in some sub basement with some folding tables and lawn chairs.
Her job entails an endless string of humiliations. While her saintly patience and measured rhetoric is laudable they only reinforce the powerlessness of those with alternate views. Americans hate those who accept humiliation so to some extent her taking it has become counter productive.
She and Borofsky should just quit. Not that that would make any difference either. A page 3 story in the NY Times followed by oblivion. Still, sitting still for humiliation serves no purpose.
Meredith knows what she is talking about and she is worth listening to. After all she has been right many times in the past.
The only question is to what extent the market is over-extended and ripe fo a pullback. It may be that it will move even higher to get the shorts to cover, prior to selling off a bit. Time will tell.
time123
admin: http://invetrics.com
Regardless of anyones opinion on Meredith Whitney, including mine, this country is in for a long, deep recession/depression. Everywhere you look, there is corruption..Wall St. to Capitol Hill, "The Fed," Banking, and the list goes on. Sooner or later you got to pay, and the US is going to pay. I see dead politicians before this ends, and a lot of them.
that is the lesson of history....
corruption creaks on so long until it breaks of its
own putrid decayed termite fesces infested rot....
rome is the classic example of greed hubris
and wealth making for political violence...
incompetent assholes are promoted to positions
beyond their iqs and integrities and thus must resort the frat boy tricks they learned in college to make the
grade - they think life is one long drunken
orgiastic rush week....until it collapses...
This has always been a bear market rally and the daily chart continues to show bearish divergence.
USD and VIX daily chart continues to warn of a bullish breakout.
http://www.zerohedge.com/forum/market-outlook-0
She doesn't know what is holding the market up
Ask Tyler
Fed is purchasing stocks
What happens when the second leg goes down
The Fed gets slaughtered
Truth is no one cares about Whitney