This page has been archived and commenting is disabled.

Tom Lee Gets it Right For Once -- With a Little Help From His Friends

CrownThomas's picture





 

There is a story circulating on the business tabloid for tots that is touting Tom Lee's incredible accuracy as it relates to his 2012 S&P call.

Lee called 2012 to end at 1,430 and it just so happens that today closed at 1,430. Before you reallocate your portfolio to what he recommends, here is a little context.

First, in 2011, Lee called the S&P to end up at 1,475. It closed at 1,257 (said otherwise, 17% off from his projection). Strangely we didn't see any headlines saying he was making doubters of his commentary look stupid at that point.

 

With a little help from his friends...

As we all know, the market this entire year has been kept afloat by either the promise of more central bank action, or the deed. Either way, that is not a reason to celebrate someone who had the guts to... LOWER his S&P target from his original 2012 beginning point.

Here is the S&P this year before & after Bernanke made some reassuring comments - ie: putting a floor under equities for 2012.

 

He also said back in 2011 when he made his bullshit S&P call that he didn't see any recessionary indicators coming out of Europe, and that they should be just fine in 2012. Mmmm, ok, let's let that slide. However, once again, he's not going to end up looking too bad to the naked eye with a little help from his friends.

 

 

So as you can see, if you're awful at your job, it helps to have friends to bail you out. And also friends in the "media" who will make sure to publish the results (if they're good).

 

As a reminder: There are still a few trading days left this year, don't give him his promotion quite yet.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 12/24/2012 - 00:49 | Link to Comment Temporalist
Temporalist's picture

I meant to comment on this thread when you posted.  I have bashed this fedwhore's (Lee's) "forecasts" time and again got so tired of it so fast I thought people would have laughed him off the MSM by now.

 

Thanks CT I appreciate your work especially when highlighting these reckless shills. 

 

Here's my prediction.  Lee won't"see" anything in 2013 too.   Time for a new prescription.

Sat, 12/22/2012 - 12:42 | Link to Comment WTF2
WTF2's picture

He works at JPM, what more do you need to know?

Sat, 12/22/2012 - 11:20 | Link to Comment highwaytoserfdom
highwaytoserfdom's picture

Housing and Japan?   The Japanese comercial bubble killed the Japanese banks of the 90's....  Lee is a PUMPMONKEY  his bank and the top 5 holding the swaps are insolvent..  The mantra that the FED canprint the banks reserves?   WTF are these PUMPMONKEYS PUSHING...  More debt in housing as an unproductive resource?       How aout lending money to bail the swaps?  http://www.occ.gov/topics/capital-markets/financial-markets/trading/deri...

Tom lee you are the problem turning capital markets into dark pools bloating the size and resources to self feeding usury ponzi criminals.    So more government spending to stimulate housing?  Ya think the Chinese will go along with this again?

  "The Rothschilds, and that class of money-lenders of whom they are the representatives and agents -- men who never think of lending a shilling to their next-door neighbors, for purposes of honest industry, unless upon the most ample security, and at the highest rate of interest -- stand ready, at all times, to lend money in unlimited amounts to those robbers and murderers, who call themselves governments, to be expended in shooting down those who do not submit quietly to being robbed and enslaved."

by: Lysander Spooner
(1808-1887) Political theorist, activist, abolitionist
Source: "No Treason #6" (1870)
Sat, 12/22/2012 - 10:36 | Link to Comment Downtoolong
Downtoolong's picture

Heads I win, Tails....Fagetaboutit.

 

Sat, 12/22/2012 - 11:23 | Link to Comment covert
covert's picture

friendly media helps.

http://covert.ias3.com/forums/

 

Sat, 12/22/2012 - 10:32 | Link to Comment shovelhead
shovelhead's picture

The Schrodinger's Cat Investment Paradox.

Sat, 12/22/2012 - 07:55 | Link to Comment Fuh Querada
Fuh Querada's picture

Even the investment advisor with a perfect record will fail as soon as you start to act on his recommendations.

(Harry Browne)

Sat, 12/22/2012 - 06:25 | Link to Comment Motorhead
Motorhead's picture

And then there's Dick "Oy Vey" Bove'.

Sat, 12/22/2012 - 02:11 | Link to Comment Hal n back
Hal n back's picture

the broken clock theory

Sat, 12/22/2012 - 09:26 | Link to Comment Jack Sheet
Jack Sheet's picture

Very good, then there was the " shit in a box " theory too
(originally attributed to Atari marketing executives in rhe 80s)

Sat, 12/22/2012 - 00:56 | Link to Comment DeadFred
DeadFred's picture

Why are we wasting time talking about fools?

Fri, 12/21/2012 - 23:42 | Link to Comment DavosSherman
DavosSherman's picture

More than ilene can say.

Sat, 12/22/2012 - 09:27 | Link to Comment Jack Sheet
Jack Sheet's picture

With "Dover" as last name

Do NOT follow this link or you will be banned from the site!