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JPMorgan's Permabull Tom Lee Has Left The Firm
Perhaps it was his comments today that "a construction boom is coming... tune out the noise and enjoy the bull market" due to lower oil costs and improving weather; but it appears JPMorgan and the permabull are about to part company after 15 years:
- *JPMORGAN U.S. CHIEF EQUITY STRATEGIST THOMAS LEE DEPARTS FIRM
- *JPMORGAN ANNOUNCES LEE'S DEPARTURE IN INTERNAL MEMO
It is unclear if Lee's next career will be as waterboy for Ben Bernanke on his $250,000/speech global speech tour. What is, however, likely is that in his place JPM will simply unleash an algorithm that keeps raising JPM's "official" S&P500 price target to 100 points above wherever the S&P may be at any given moment.
His last permabull appearance on CNBC as a JPM Talking Head...Enjoy!
"Tune out the noise and enjoy the bull market"
The curve becomes inverted in front of recessions, and markets should have plenty of lead time to prepare, Lee said.
Investors shouldn't ignore runaway valuations or bubble-like behavior, but Lee said symptoms of a looming recession remain the "most telling bear sign."
"These are things we can't ignore," Lee said. "You don't want to have a market that becomes speculatively frothy. The most important thing for us [are] the signs of a recession. ... Really we should focus on the fact that we're in a bull market."
Rumors suggest that he is leaving the firm to run corporate relations for Bill Fleckenstein's new short fund... or not.
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Oooh, now he can go on full-time at CNBS!
He may be F.O.S., but he got out practically at the top. Guess he´s not stupid, maybe a shill, but not stupid.
I thought you were American/Peruvian...
~~~
Had no idea you were related to Claude Rains
An American in Peru for a visit with his querida esposa peruana... Who else is going to keep an eye on our bearing import company here?
I want to visit gold-related businesses here. Peru is No. 6 in worldwide Au production. And I want to see some of it.
~~~
¿Claude Rains..., quien es ese?
Lee's last investment advice: Putin’s going Pol Pot. Long - Pickaxes. Short – Oil and Food. :-)
Looney
Last investment advice to Lee: Don't let the WINDOW hit you on the way out ;-)
Looney
That has yet to be determined... he could be leaving to start his own hedge fund.....
TYVM Max Keiser Propaganda Machine™
He's going to elope to a deserted island with Blythe Masters. On that island they will fornicate and produce a child. The child will be born with the mark of 666 on its forehead. Its face will be that of Abby Joseph Cohen's and its body will resemble a goat. All is lost. All is lost.
Has-been's are accumulating all around us. I say it's a good sign, unless they decide to do a spinoff of Dancing With The Stars called Dancing With The Banksters.
smug piece of shit, i would like to skull fuck him with a screwdriver
Well, with the string of Criminal Bankster deaths as of late. How soon before this guy ends up mysteriously dead somewhere by means of autoerotic asphyxiation?
That escalated quickly...
Funny I don't tune in too often, but that's the last thing I saw on CNBC today. He'll probably join Brian Belski at changing firms every 9 months now. Fucking circus acts they are.
Jamie Dimon: "We're sure sad to see Tom go. But we had a whale of a time coming up with those forecasts."
Think maybe the suiciding is starting to worry him?
permabull permafrost permabail.
whenever i see that POS lee i become enraged and savagely beat my dog. he looks like the type of asshole that would throw his own mom under the bus. whiney fucking pencil neck motherfucker god damnit
That was just the right amount of anger. The screwdriver comment above went a bit overboard. You threaded the needle.
Anger????
And here I thought it was a tool fetish.
many thanks. after all, we here at fight club are a civilized people.
well i would rather beat on Tom Lee than my dog (i know that was in jest), but we all have that anger... towards MSM soothsayers ... just hard to watch these asshats every f'k'n day
TV off, fixed... go buy some metal and read a book. :)
Big question is has he exercised all his options and sold all his holdings? Like...'time for me to get the fuck out of here before I get accidentally dead'.
Karl Quintanilla - hard hitting journalist...
next up, my whoring trip to another Fortune 100 Company, CNBS prime time special
If the US keeps fucking with Russia there's going to be a 'boom' allright and its not going to be construction.
Re-construction jobs you mean...with big yellow suits and dosimeters.
This guy is clearly retarded. He's saying that companies refusing to invest is a bullish indicator. You know how I'm not investing any money to start a business in North Korea? That's so fucking bullish for North Korea. The construction boom in North Korea is just around the corner.
"A farewell picnic will be hosted by Jamie Dimon on the roof of One Chase Plaza. Stay close to the middle."
I would guess he'd have something lined up w Pimco... Doubt it'll be the last we hear from him
wash, rinse, repeat -- reminds me when the NAR's "chief economist" (chief propagandist) perma-bull, David Lereah, departed shortly before the housing crash
Lee simply has a healthy fear of tall buildings and nail guns.
Dimon gave him two options. He could leave via the front door or leave via the top floor.
rsnoble "If the US keeps fucking with Russia there's going to be a 'boom' allright and its not going to be construction."
We completely deserve the ocular cranial penetration we are about to get for meddling over there.
...and no I do not have a man crush on Pooty-poot.
whatthecurtains: "Dimon gave him two options. He could leave via the front door or leave via the top floor."
...and then there's the more recent option of sampling the hardness of the aluminim skin of a moving train. Would that be 6061 or a slightly harder alloy?
Some days your the fly, some days your the windshield. One never knows...
amazing that the carnival barkers that led us to the slaughter TWICE so far are still spewing their bullshit every day... Krudlow, Cramer, Charles Payne, Liz ann Sonders, etc. etc.
LIRR
So funny saw him today on CNBC and was just laughing my ass off....
SO, another job has been destroyed by "technology".
Now, if we can replace the Fed with a computer (as Milton Fiedman once suggested). And that was before even the IBM PC with 8K memory and 360K floppy dirves came out.
Golden parachute or cement shoes?
Is that a dream? Or did you just jump out of a perfectly good airplane??
A well known stooge and liar will get another job in a second. He will say two plus two is what ever you need it to be.
Dishonesty pays big time on Wall Street. As if no one knows...
Death, by law, to banksters and their stooges. We need banksters to have more access to nail guns and heights.
Teaming up with Stolper.
'Ere long they'll have Max Headroom style algo's that say:
"B-b-b-buy th-th-th-the d-d-d-dip!"
Hes right on about construction, we going to triple the buildin' s of jails in the next decade!
Escapes before Jamie Diamond becomes implicationed. Another whale seeks murky waters.
Next finacial industry suicide
I am getting very tired of hypocrits and liars. They wear on you year after year. And, maybe that is the thing for JP Morgan. They realize that liars and hypocrits wear on people so they need to hire new ones every now and then.
Pent up demand after so many years? The market must be suffering from a serious case of blue bulls.
Has-been's are accumulating in droves. I say it's a good sign, unless they decide to do a spinoff of Dancing With The Stars called Dancing With The Banksters.
Does Thomas Lee own a nail gunn?