JPMorgan's Permabull Tom Lee Has Left The Firm

Tyler Durden's picture

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:


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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NotApplicable's picture

Oooh, now he can go on full-time at CNBS!

DoChenRollingBearing's picture

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.

HyBrasilian's picture

I thought you were American/Peruvian...


Had no idea you were related to Claude Rains

DoChenRollingBearing's picture

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?

Looney's picture

Lee's last investment advice: Putin’s going Pol Pot. Long - Pickaxes. Short – Oil and Food.  :-)


Looney's picture

Last investment advice to Lee: Don't let the WINDOW hit you on the way out  ;-)


wallstreetaposteriori's picture

That has yet to be determined... he could be leaving to start his own hedge fund.....

Jack Napier's picture

TYVM Max Keiser Propaganda Machine™

TheBoyPlunger's picture

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.

Downtoolong's picture

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. 

skwid vacuous's picture

smug piece of shit, i would like to skull fuck him with a screwdriver

Chupacabra-322's picture

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?

DavrosoftheDaleks's picture

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.

Cacete de Ouro's picture

Jamie Dimon: "We're sure sad to see Tom go. But we had a whale of a time coming up with those forecasts."

paint it red call it hell's picture

Think maybe the suiciding is starting to worry him?

medium giraffe's picture

permabull permafrost permabail.

maskone909's picture

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

fonzannoon's picture

That was just the right amount of anger. The screwdriver comment above went a bit overboard. You threaded the needle.

NotApplicable's picture


And here I thought it was a tool fetish.

maskone909's picture

many thanks.  after all, we here at fight club are a civilized people.

skwid vacuous's picture

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

Crash Overide's picture

TV off, fixed... go buy some metal and read a book. :)

papaswamp's picture

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'.

skwid vacuous's picture

Karl Quintanilla - hard hitting journalist...

next up, my whoring trip to another Fortune 100 Company, CNBS prime time special

rsnoble's picture

If the US keeps fucking with Russia there's going to be a 'boom' allright and its not going to be construction.

papaswamp's picture

Re-construction jobs you mean...with big yellow suits and dosimeters.

Spungo's picture

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.

BanksterSlayer's picture

"A farewell picnic will be hosted by Jamie Dimon on the roof of One Chase Plaza. Stay close to the middle."

Dimons jock's picture

I would guess he'd have something lined up w Pimco... Doubt it'll be the last we hear from him

contrarian's picture

wash, rinse, repeat -- reminds me when the NAR's "chief economist" (chief propagandist) perma-bull, David Lereah, departed shortly before the housing crash

MrTouchdown's picture

Lee simply has a healthy fear of tall buildings and nail guns.

whatthecurtains's picture

Dimon gave him two options.  He could leave via the front door or leave via the top floor.

Duc888's picture



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.

Duc888's picture



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...

skwid vacuous's picture

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.

The Most Interesting Frog in the World's picture

So funny saw him today on CNBC and was just laughing my ass off....

XRAYD's picture

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.

22winmag's picture

Golden parachute or cement shoes?

Ban KKiller's picture

 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. 

Iam Yue2's picture

Teaming up with Stolper.

ebworthen's picture

'Ere long they'll have Max Headroom style algo's that say:

"B-b-b-buy th-th-th-the d-d-d-dip!"

starman's picture

Hes right on about construction, we going to triple the buildin' s of  jails in the next decade!

Atomizer's picture

Escapes before Jamie Diamond becomes implicationed. Another whale seeks murky waters. 

STG5IVE's picture

Next finacial industry suicide

Notsobadwlad's picture

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.

chinoslims's picture

Pent up demand after so many years?  The market must be suffering from a serious case of blue bulls.

Downtoolong's picture

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.