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Meredith Whitney Continues The CNBC Doomsayer Tour
Such a bearish appearance must be the result of the rose-colored glasses affirmative action thing at GE Capital: we have yet to see what the Comcast policy vis-a-vis unbiased content is. Nothing substantially new from Meredith - same focus areas of concern including toxic mortgages on the Fed's balance sheet, non cash flow generating "assets," and consumer, consumer, consumer (apparently she has not read the David Bianco piece either - after all the US consumer now accounts for 100% of Kindle revenues and 0% of US GDP, or so Merrill will soon want you to believe). Yet with Comrade Sam making sure all is good for ever (the alternative, just like falling housing prices in your average S&P model from 2005, simply did not compute at the most recent 5 year plenary session), is there any reason to worry about anything? After all the debt auction carnival begins afresh again today at 1PM with $40 billion in 3 years. So long as those keep getting gobbled up without a glitch, all shall be well.
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Whitney just gave FAZ a peck on the check. My compliments to the lady.
On Bloomberg Radio now Professor from MIT on Global Warming (worth listening to)
http://www.bloomberg.com/streams/audio/radio_live.asx
Carl Quintanilla.
Worst. Cheerleader. Ever.
Hope we find ourselves in the same place someday. Preferrably a dark place.
I kinda hated the other idiot more. Guess she has nothing to contribute if she does not make specific calls on specific stocks.
NEEEEXT!!
What a disgusting waste of Whitney's time. She had a lot of valuable stuff to say, but those clowns interviewing her didn't want it broadcast. They kept distracting from what she was saying.
If you want to hear about Caterpillar, get someone on who's interested in that tiny part of the market. The fundamentals of financials, and banks in particular, is far more important than one single stock call.
I want to hear more about the fundamentals, and that's why I tune in Meredith even if she is on CNBC. I wish she were covered somewhere else. Her message was squashed here.
Joe Kiernan is not a very bright man.
here, here. He seems very jaded. Time for a new career.
Dammn--that guy bugs me. He is clearly nothing but a paid shill cheerleader, trying so hard to throw cold water on what Meredith had to say.
He is an idiot extrordinaire!
There are actually 2 videos
I posted both, so if you want to catch the other one see here
http://www.fundmymutualfund.com/2009/12/meredith-whitney-video-us-govern...
Joe in particular didn't like hearing what Whitney had to say. There must have been 6 or 7 times during the hour where Joe tried to trip up Meredith by pulling in words (out of context of course) or phrases she had used in the near past to claim she was inconsistent.
Meredith is too sharp to fall for that crap, though since she has been on her own, she has been even more careful with her words. Different show when you're the boss, isn't it Meredith.
Smoking hot today. I bet Marla wishes she was Meredith. Meredith so beautiful so smart and insightful, so smooth and unshakable. Always on her toes and able to reach deep into her well of knowledge. I wish she was in the fight club she would kick the asses of most of you metro's.
<realization> one of the Marla's might be Meredith...
As if, I have never laughed so hard!
It is obvious to a connoisseur of quality and fineness that she is not one of the Marla's.
Hahaha! Still laughing.
I noticed snarky Joe's tactics as well
So did Meredith obviously.
He wants to post her hide next to Roubini's.
Carl is just marking time until he gets either ABC or CBS Nightly News, once his contract with NBC runs out (I assume Brian Williams is not going anywhere)
He is the right age and demographic for the "new century", hence he does his fluff commentary and doesnt offend anyone, perfect fit for the senior set who watches those dinosaur shows on old school channels.
Scary thing is Carl is the best on the show since Ratigan.
On the bright side she likes 'The Blind Side'
Good morning dears.
Any of you goldthugs buying the gold "dips", as it continues its 1% per day downtrend?
I'll buy the silver dips- if rates are going to stay low and Treasuries flowing, for a whole other year of also continued low velocity, it would be silly to expect any dollar rally to be sustained.
No, I plan to wait until it's making record highs again before I buy. Isn't that how everyone invests?
Hard to buy enough, coins are severely dwindling at my bullion spots and premiums have jumped by double within the last month.
December should be interesting.
Print $300 billion, reverse repo $180 million.
That's gonna work out fine.
5 cannonball below the waterline and one tiny pail with which to bail. What's not to like?
Your operating under a mistaken belief that gold is the JDSU or pets.com of the 2010's. Its a real store of wealth where your little dollars are just a piece of cloth with green ink on them assigned a value by the world at large based on our economy. If you want to believe the Fed, the CNBC gang and Obama that everythings going to be fine and that we've turned the corner your certainly free to do so. The rest of us with our eye's open and our minds not clouded by smoking those funny little greenshoot cigarette's will continue to protect our wealth and our future with gold.
I pray daily that things will not be as bad as I think that my gold will not be only wealth when were all using bengamin's as TP. I'd love it if this last jobs report and the entire B(L)S system weren't a complete fruad. I'd be quite happy if my unborn children weren't hundreds of thousands of dollars in debt or that they would grow up in a country as great and as free as the one I did.
To answer your question though I'm going to wait till it breaks 1100 and take the money I've made off my options and buy whatever coins I can find.
I hope Comcast fires all those lying bastards. How can you sleep at night knowing you go on air everyday and lie to people. Their job is simple, find a way to spin anything, even a turd, into a reason to buy it. Pathetic, but the entire media has become nothing but a joke.
When trying to "educate" some of my fellow citizens, they look at me like I'm nuts, then go right back to the left/right finger pointing bullshit. That's all they know. It's easy to understand why. Right now the only thing that seems important to the news is Tiger Woods or the next entertainment weekly type bullshit.
Most of 'em don't even know the difference between socialism and capitalism, let alone that O = W, Act III. Nobel Peace prize sends in more troops.
What will wake up America? People keep watching this stuff like it makes them smarter. Don't they know you buy the rumor and sell the news? It looks like this is going to crumble into an 'every man for himself!' social meltdown - brace for impact.
That's the most sarcastic you've ever gotten, Tyler. Get some breakfast.
All I know is that government ought to consider giving Kroger's some stimulus money. Who cares about fixing roads and bridges when the stores can't afford to stay in business.
Handouts for Kroger's? Who cares. Plenty more grocers around.
Joe / CNBC ........ the single most irritating "personality" on the air. My fondest wish is that CNBC goes back to whence it came, a consumer - oriented show from the early 1980's. This stock market mania is coming to an end.
I wish they would swap out Mawissa Wee's Fast Money for an hour of straight talk from Meredith Whitney.
The entire CNBC format is so 2007. Without a clue.
I used to like that show when Dylan and Macke was on it, but when they left it got worse, and has continued to do so. It's so bad now I can't watch it at all. It pisses me off even more when they make fun of people like Rosey, Roubini, and Shiff, or any non-bull they bring on. Pathetic.
And for the record, I would like to see Terranova standing along side of the road during a rainstorm so I could blast him with a water puddle full of mud. What a utter and complete tool. And if I was lucky, MLee would be standing right beside him.
they should atleast go back to '98 when they all hated the dot com stocks and pumped krispy kreme since that was something they knew and chewed on..
simpler time back then
I thought it was a good interview. Kiernan was not being articulate, but he had a point to discuss with her that just didn't really happen. He wanted to suggest that with her analysis of credit AND the consumer, that her work could extrapolate. To what was fuzzy, but the concept was extrapolation. It's a legitimate point, but it wasn't very focused.
Interesting to hear the respect with which Rosenburg is held.
So his trying to put the words "S and P" and "crash" into her mouth countless times was about extrapolation.
Oh, okay. Guess I missed the part where that was good journalism.
Oh, you can't have an opinion about the direction because us shills said so. I thought Joe still had something in him, what a sell out. The other two are clowns. Barky Becky, please.... Carl the Clown, you should be open hand slapped everytime you open up that pie hole.
Meredith hits nail on head regarding the plight of the States. Mid-2010 is when they tally up the income tax revenue and it will be darned ugly. Prop and sales tax dropoffs are ongoing.....but the income tax shakeout means Stimulus II or big State and Local layoffs or both.
Joe Kernan always becomes visibly angry when people are bearish. You can actually see it in his face that anger wells up.
He did the same thing when Ron Paul was discussing auditing the Fed. He becomes angry because he is scared and knows full well that CNBC will be held accountable when a depression occurs and advertisers will be in short supply. When a depression is confirmed those fellas are out of a job. Or a large majority of them. He is only attempting to make himself appear a soothsayer to his soon to be Comcast bosses regardless I would be amazed if 25% of the on air personalities remain at CNBC.
Santelli and Finnerman. Only two honest people on there. I love that Karen at least takes responsibility for a bad call short or long.Shes a smart gal and worth listening to.
I agree on Santelli and Finerman, but a few of the reporters are decent as well. Diana Olick does a pretty good job as well as Mary Thompson, and the girl in the oil pit. David Faber isn't too bad either. Most of the rest are nothing but pump monkeys. I would love to see Santelli with the harness off.
This market is sneaking it's way back toward the green. Wouldn't surprise me if it doesn't end up in the green. They can't have a crashing market this close to Christmas.
I have no idea what Fabers deal is. I am not sure if it is his monotone emotionless voice and a purposeful attempt to appear to "only be reporting news without bias" but I can never decipher what he is trying to say because it seems to me that he is speaking in code lol
I also know that information was purposefully leaked to him regarding Bear Stearns back in 08' in order to get a market reaction. When he has info I listen because whoever the big boys with an agenda are use him to get their message out.
I read his book. Not a bad read and I thought it read like he speaks. He is hard to decipher sometimes as you say, but most of the time he seems to be genuine. Why him and that goofy Kernan are such buds, I have no idea. Kernan just needs to be bitch slapped.
Joe is an ignorant, angry, old coot. CNBC need not wonder why their ratings continue to plummet with idiots like him trying to throw mud at Meredith like he did.
There is a reason why the public is turning en masse to sites like ZH. CNBC can't keep real talent, like Dylan Ratigan, and tries to spin every story to be sunshine and roses with stocks the economy. They are so clearly a mere mouthpiece for whatever the govt. wants peddled.
Don't you love me and my brilliant ideas? Borrow more, spend more and we're all gonna be OK!
"President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to "spend our way out of this recession" until more Americans are back at work"
http://news.yahoo.com/s/ap/20091208/ap_on_bi_ge/us_obama_jobs
"So, now you feel comfortable being a market prognosticator?" So says Kernan with his arms crossed across his chest, his body language saying it all. Yet if any idiot comes in and predicts an absurdly higher Dow/SPX, no pushback whatsoever.
A revers,double reverse,or tripple reverse psycology?. Remeber,her recommendation for GS was the catalyst before the last July catapult to the 1000 territory(I know Daneric will not agree with that). So is that a lure for shorters in another short squeeze in the making?. On whose side is she now,and what are her true in tentions?. Don't forget,it is different when you work for your self,you might be manupulated easier than if you worked for somebody.
I remember that day, it was July 13th. The market technicals were sitting on the right shoulder pivot of the now famous head and shoulders pattern for the techies. I imagine many were waiting to see which way it would go so they could go long or short. The futures were down that morning and when Whitney came on and upgraded GS the market took off like a cat with turpentine on it's ass. S&P went up 20 points that day and we were off to the races.
To take the conspiracy a little farther, we found out later, Whitney had a conversation with Sheila Bair on the 9th. We discussed that here at ZH and many would love to know what that conversation was about.
This is a replay. Stock market has to take a back seat for these Treasury sales. Look for the post-sale rebound on Friday on some new "bullish" indicator.
I dig MW every time she's on. Brainy bearish beauty.
Is that Carl guy mentally challenged? How can you interpret her comments as being bullish on the financial sector? What a moron. Go Meredith.
The USD uptrend has started as expected.
TREND ANALYSIS UPDATE:
http://www.zerohedge.com/forum/market-outlook-0
I can't stand to watch tweedle de (Joe) and tweedle dumb (Carl).. this just reminded me why.
Please recall the price moves in the "Internet Bubble" in 1999-2000. They were valuing stocks which had no actual business on the basis of a multiple of expected sales [10-20 expected sales]. Most of these are now bankrupt.
As long as the money machine is in high-gear anything is possible for a period of time especially if the government wants it to happen.
Always remember that the government is using YOUR money to rob you so don't bet against your own money. Now is the time to stay out of all paper markets and never use margin here if you are a trader.
You are being given a gift if you can get any physical gold at around current prices. But then I bought mine in 2002 so I don't care what happens to the price now.
JOE--Step down and go to Boca. Carl- Appy at McDonalds and flip some burgers. Give us some real journalism on financial matters, not these pom pom waving idiots, only worried about keeping their jobs.
She's hot.
Tyler Durden was being interviewed recently and the schmuck interviewing Tyler was dissing her looks. Tyler tried to not answer the dis, the interviewer kept at it, Tyler tried to defend why she looked bad. Bad form guys (though Tyler tried). Too bad you men can be ugly and we don't get on you for it unless we hate you.
I thought Whitney looked very nice, but her hair is so "highlighted" that she really needs to check into a good conditioner. There was a point she ran her hand through her hair which I really liked. It was a very real gesture, once they have done your hair, you are not supposed to touch it. In a relative kind of way, she went rogue.
Are these people on CNBC really this stupid? I can't understand how they can all be this brainwashed? Is it an act?
WTF is the problem? The United States has never been in a worse economic situation EVER in history? WTF is so hard to understand?
People lie to protect themselves, their jobs, and their families. WAKE UP SHEEP. We are going into the Great Depression X2.
Damn it's depressing living with so many idiots with their head in the sand.
BEAM ME UP SCOTTY!!!!!!!!