• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

The Oracle Of Oppenheimer

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Mon, 02/28/2011 - 13:54 | 1004266 velobabe
velobabe's picture

it is just plain crazy†

Mon, 02/28/2011 - 13:56 | 1004276 DonnieD
DonnieD's picture

I'm sure he'd put a buy rating on sand at the beach.

Mon, 02/28/2011 - 14:00 | 1004287 SheepDog-One
SheepDog-One's picture

Just because the media has obviously direct to pay NO attention to gasoline rocketing up to an average of $3.30 does not mean theres no shock on the street! Amazing isnt it, in years past when gas went up, it was breathlessly reported by the media, and congress jumped in to demand investigations of oil companies, 'price fixers' etc...now nothing but crickets chirping. 

Mon, 02/28/2011 - 14:08 | 1004313 Milton Waddams
Milton Waddams's picture

I highly recommend this guy's advice, to wit:

The finish line, 2001:

* The Dow: 12,500

* The Nasdaq: 4,200

* The S&P 500: 1,675


Mon, 02/28/2011 - 14:10 | 1004319 Bam_Man
Bam_Man's picture

The guy's "title" says it all.

Chief Market Strategist = Sell-side Marketing Director

Without even looking at his pathetic track record, his credibility is already zero.

Mon, 02/28/2011 - 14:19 | 1004345 Hondo
Hondo's picture

How does a nit like that get a promotion from sector analyst to Chief Investment Strategist???  Say's something about the quality of Oppenheimer as a firm......would you have your money run by these nits????????????  Not I.

Mon, 02/28/2011 - 14:24 | 1004347 Cdad
Cdad's picture

Even I, the long suffering Cdad and ardent watcher of this slow motion broadcast network train wreck...can barely watch the Blow Horn [CNBC] anymore.  The network should simply sell ALL broadcast hours of the day to financial service providers...as their supposed news segments are simply booked solid with book pitching long shills of the industry anyway.

The utter lack of skepticism is even driving me nuts these days...which probably means that it is nearing time to go ahead and play whack-a-mole with Comcast shares...for their complete inaction in trying to restore some credibility to this broadcasting midget.  I recommend weekly monitoring of the Blow Horn's [CNBC] simply laughably bad ratings as good medicine for those, like me, who simply cannot look away.


Unbelievable where we are in this country...spoon fed this phony economic nonsense 24 hours a day.


Additional:  Just how Bob Pisani has not literally died of shame over his sell out...his selective ear, hedge fund rumor rebroadcasting efforts conducted hourly...is well beyond me.  I feel like I am dying of shame for him. 

Mon, 02/28/2011 - 14:22 | 1004353 Marc45
Marc45's picture

To be fair, technology (as represented by the QQQQs) is up from Nov, 2007.


Mon, 02/28/2011 - 14:29 | 1004375 CrashisOptimistic
CrashisOptimistic's picture




Feb. 28, 2010 (Bloomberg) -- “Rising oil prices simply do not have the shock value they once possessed” for U.S. consumers, according to Brian Belski, chief investment strategist at Oppenheimer & Co



This is because people are skinnier now and don't want/need as much food as in the past.


Though, in another context . . .the unemployed don't have to drive to work.


Mon, 02/28/2011 - 14:53 | 1004388 -273
-273's picture

Instead of a Like button can we just have a button labeled 'this guys an idiot (too)'?. There are too many of them to comment all the time on the absolute stupidity of these people, but I would happily click a link to show my contempt. Or maybe multiple checkboxes, including one saying too rich and out of touch.  And one saying narrow minded enough to mistake his personal position for that of the general population.


Mon, 02/28/2011 - 14:33 | 1004390 Dick Darlington
Dick Darlington's picture

Same type of hubris from Barc. Can't wait their payroll guestimate this time. Last time it was something like 500-600k  and we got what, 36K...


Mon, 02/28/2011 - 14:46 | 1004429 ex VRWC
ex VRWC's picture

Oh Meridith, Oh Meridith

Wherefore art thou, Meridith?

Mon, 02/28/2011 - 14:51 | 1004444 The Count
The Count's picture

The guy is, to use a term created by Seinfeld, a Mimbo - male bimbo.

Mon, 02/28/2011 - 15:11 | 1004525 Don Birnam
Don Birnam's picture

A pairing of Belski and Birinyi could be the next Rowan and Martin. Or more appropriately, the sell-side version of the prestidigitating duo of Penn & Teller.

Mon, 02/28/2011 - 15:43 | 1004615 Black Forest
Black Forest's picture

Anyone recognized the correlation between US recessions and the number of Sun spots? Click here:


"Anzahl der Sonnenflecken (4-Monats-GD)" means: Number of Sun spots, running 4-month means. The complete article in German:


Mon, 02/28/2011 - 15:47 | 1004625 emsolý
emsolý's picture

i gotta tell ya i'm rather fond of the word 'oracular'

Mon, 02/28/2011 - 18:10 | 1005120 tomkorn
tomkorn's picture

shock value reaction to high oil prices indeed!!! i lived through the oil shocks of the 70's. we are still stuck in the same mess, depending on a critical resource from the most unstable part of the planet. where is the outrage? have the oil companies hijacked the national interest and replaced  it with their own? they probably buy guys like Brian Belski to say stupid things like “Rising oil prices simply do not have the shock value they once possessed”

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