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Bob Janjuah: "It's Only Just Begun" - Sees S&P 500 "Fair Value" At 800-900

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Tue, 08/23/2011 - 10:01 | 1590016 hugovanderbubble
hugovanderbubble's picture

Sell French banks

Sell Italian banks

Sell UK banks

Sell Spanish banks

Tue, 08/23/2011 - 10:03 | 1590023 Stumpy
Stumpy's picture

Don't you forget Canadian banks? Word on the street is that they're not as good as canucks might think.

Tue, 08/23/2011 - 10:04 | 1590031 spiral_eyes
spiral_eyes's picture

s&p 800-900

wtf is bob ganja smoking?

s&p 400-500 more like. 

Tue, 08/23/2011 - 11:33 | 1590419 HCSKnight
HCSKnight's picture

Priced in the average of 1990 to 95 USDs, the S&P is right now ~935...

Tue, 08/23/2011 - 10:33 | 1590184 PulauHantu29
PulauHantu29's picture

Wait until Canadian RE starts to hit reality.....that's when their Bubble meets the Pin.

Tue, 08/23/2011 - 10:03 | 1590025 snowball777
snowball777's picture

Sell banks.

Tue, 08/23/2011 - 17:27 | 1592280 Rainman
Rainman's picture

Pensioners grab ankles.

Tue, 08/23/2011 - 10:03 | 1590027 DefiantSurf
DefiantSurf's picture

you must be talking to the FED and US Banks? I think their the only ones holding that steaming pile of shit


Tue, 08/23/2011 - 11:09 | 1590336 Ruffcut
Ruffcut's picture

Fair? More like bair market again.

Better yet, a rabbit market. Going straight down the jackson hole.

Tue, 08/23/2011 - 14:33 | 1591414 IQ 145
IQ 145's picture

"On a two to three year  timeline, t he old rules apply, focus on strong balance sheets---" What a complete load of useless crap. This person has no more idea how to survive in a major market than my little sister. Some of the worst newsletter quality shit I'ive ever seen. Meaningless mouth noises.

Tue, 08/23/2011 - 16:48 | 1592127 Manthong
Manthong's picture

"focus on strong balance sheets"

Kind of like "reach for a strong stanchion".. on the Titanic.


Tue, 08/23/2011 - 10:02 | 1590020 John McCloy
John McCloy's picture

 I still think we go through the 2009 S&P low like butter but then again priced in gold we are essentially already there.

Tue, 08/23/2011 - 10:15 | 1590075 SheepDog-One
SheepDog-One's picture

Yep, really are already there, just this free ZIRP trillions sloshing around that has PUMPED it all up, now theyre talking about 'cleaning up our balance sheets' since theyve been doing the exact opposite for last 3 years propping it all up blowing a bubble on their balance sheets?

This is all just retarded.

Tue, 08/23/2011 - 11:25 | 1590398 HCSKnight
HCSKnight's picture

Priced in the average of 90-95 USDs, the S&P is ~935...

Tue, 08/23/2011 - 10:05 | 1590034 Popo
Popo's picture

I'm trying to re-like Janjuah.   But after watching him trans-mutate into a slimy British banker dick and go bullish -- it's going to take more than a repeat of what *everyone* is now saying.

Bob -- once you were prescient.  Now you've got your hat in your hand, and you're late to the party.

Tue, 08/23/2011 - 10:18 | 1590086 slaughterer
slaughterer's picture

Bob, usually very good, fucked up his last short-term tactical call.   Now his long-term strategic call comes too late for much reward. 

Tue, 08/23/2011 - 10:05 | 1590036 IMA5U
IMA5U's picture

too much gloom and doom out there


the kommunists will do everything they can to squeeze the shorts

Tue, 08/23/2011 - 10:17 | 1590081 SheepDog-One
SheepDog-One's picture

Longs about to get squeezed big time by a python, namely the 401K and pensioners, and they dont suspect a thing. No QE folks, the house of crap is about to tumble.

Tue, 08/23/2011 - 10:18 | 1590089 slaughterer
slaughterer's picture

Doch QE3...

Tue, 08/23/2011 - 10:27 | 1590156 SheepDog-One
SheepDog-One's picture

Exsqueeze me? Baking powder?

Tue, 08/23/2011 - 10:06 | 1590044 jedimarkus
jedimarkus's picture

These price targets, high or low, are irrelevant and downright stupid.  The HAL 9000s are in charge and they sold Accenture at a penny so don't tell me there is anything called "fair value".  That is for fund managers to justify their actions to their directors and clients....  All of it is worth nothing and worth everything... all supply and demand.  valuation... what a silly arcane concept.  For the love of God, all this crap is backed by a fiat currency in the first place!  Just another PSYOP in the global system...

Tue, 08/23/2011 - 10:09 | 1590049 LoneStarHog
LoneStarHog's picture

"We are in a balance sheet recession which will take at least 2 to 3 more years to clean up." -- Whatever you are smoking, pal, pass it around.

Tue, 08/23/2011 - 10:18 | 1590087 Spastica Rex
Spastica Rex's picture

Yeah, five maybe six years total. Lost decade my ass. Suck it, Japan. USA! USA! USA!

Tue, 08/23/2011 - 10:10 | 1590056 alexwest
alexwest's picture

well, why is 800-900pp fair value?

i dont get it.. FED is out of bullets. .fine.. problem is NOBODY FUCKING  SEEMS TO NOTICE HUGE ELEFANT IN THE ROOM called federal deficit..


we are in ressesion.. so tax receipts are instead of running 0%  y/y goona be down 5-10%.. so

next years deficit is going to be 2$ trln at least..


HOW ARE WE GONNA DEAL W/ THAT? did mr whatever_ his name  and market itself discount perpetual 15% GDP deficits ? doubt it..


so peaking   random number is useless... fiscal pucture is getting worse and worse.. only plausible solution is increase taxes in short run...  did market discount that too?



Tue, 08/23/2011 - 10:13 | 1590062 SheepDog-One
SheepDog-One's picture

400 is optimistic fair value.

Tue, 08/23/2011 - 10:20 | 1590099 Spastica Rex
Spastica Rex's picture

I consider myself optimistic and I say 350. Nah, I'm just kidding, I'm really not optimistic.

Tue, 08/23/2011 - 10:37 | 1590155 Paper CRUSHer
Paper CRUSHer's picture

Ah-Ah-Ah SheepyDawg,

Bro,one-tenth ounce o'gold for SPX.

Tue, 08/23/2011 - 10:10 | 1590057 buzzsaw99
Tue, 08/23/2011 - 10:13 | 1590060 SheepDog-One
SheepDog-One's picture

Oh we're going to 'clean up our balance sheets' now that we've been propping them up with trillions in free 0% interest money? Load of BS!

Tue, 08/23/2011 - 10:14 | 1590064 Oh regional Indian
Oh regional Indian's picture

Knock knock Bob, there is a WAR coming. 2-3 years. Hah. Months maybe to Mayhem.

Wakey wakey Bob. 



Tue, 08/23/2011 - 10:21 | 1590109 Spastica Rex
Spastica Rex's picture

I'm trying to figure out how they're going to run a war this time. How does one cull the herd but not poison the pasture?

Tue, 08/23/2011 - 10:29 | 1590163 Oh regional Indian
Oh regional Indian's picture

SR, in their fantasy world, their survival will be in underground bunkers/tunnel systems and what not. Will wait out the 100 years below ground.

First off, what a god-forsaken mind-set and second, good luck wit dat, eh!


Tue, 08/23/2011 - 10:35 | 1590194 SheepDog-One
SheepDog-One's picture

Theyll all be at each others throats within 2 weeks.

Tue, 08/23/2011 - 10:39 | 1590210 Spastica Rex
Spastica Rex's picture

Sounds like the science fiction stories I read as a kid. Do they still have neutron bombs? What are the long term radiation effects of those? I can't see the elite living in tunnels for a hundred years. Maybe the war will be fought by a multitude of irregular armies with small arms, all against each other. Help the plebs kill themselves, assisted suicide.

Tue, 08/23/2011 - 10:51 | 1590253 john39
john39's picture

the elites are fucked.  they just don't know it yet.  going to be fun to watch.

Tue, 08/23/2011 - 11:24 | 1590395 Oh regional Indian
Oh regional Indian's picture

SR, at least some of it is true. The seed vault in the Antartic, funded by Gates, Monsanto, Cargill and a bunch of "Governments, mostly northern european, the 1,000 year vault. And then there is Denver, spooky city. The whole http://en.wikipedia.org/wiki/Cheyenne_Mountain  thing.

If they can build one, why not 1,000? Lot's of drug slush money sloshing around and lots of complicit MIC contractors happy to play if paid. Big. 

Science fiction always becomes science fact, ne?

Vivek (ORI)

Tue, 08/23/2011 - 10:14 | 1590065 MoneyWise
MoneyWise's picture

Ones Markets are up Doomsters
Bullshit pops up. S$P LOW-HIGH Target 12500-14000 by Year End.

Tue, 08/23/2011 - 10:18 | 1590088 SheepDog-One
SheepDog-One's picture

WOW really! BACK to the R/E insane bubble top in a few months! 

Tue, 08/23/2011 - 10:19 | 1590093 snowball777
snowball777's picture

<--- dumbest post of the day, if not year

<--- no, he and altucher are savants, you just need to squint harder

Tue, 08/23/2011 - 10:23 | 1590122 Spastica Rex
Spastica Rex's picture

"Idiot Savant" is pejorative. Even if you didn't say "idiot," we knew what you meant.

Tue, 08/23/2011 - 10:26 | 1590143 MoneyWise
MoneyWise's picture

We have September to f* around and then Markets
move much higher, Watch and learn, dumbass..
If you don't like stocks, this doesn't mean that S&P
should fall to 800, cause it's already at 800 (USD wise), inflation adjusted

Tue, 08/23/2011 - 11:13 | 1590352 snowball777
snowball777's picture

14000 (note the 3rd zero)?!

I like stocks just fine...I fondly remember when I used to buy them...it's this "market" I fucking hate.

Post bookmarked; see you in November, chuckles.

Tue, 08/23/2011 - 11:28 | 1590406 Ruffcut
Ruffcut's picture

A huge market ramp, is not impossible. Over half the wealth in the world is "pump" money.

First chase every sane person out at a loss.

Then ramp the ever living fuck out of it. Fuck billions when you could raise trillions. Inflation will go a little nuts, but they will be stick saved on the top level. THe inflation is only bad, in their minds, when they release too much phoney money into the main street markets.

When the low of march 2009 was manufactured, banks like wells fucko bought the shit out of the bottom.  It saved their ass. Buffy went crawling to goldie and became more towards an investment bank.

Could it happen? Sure, but not against doomsters.

Tue, 08/23/2011 - 10:26 | 1590145 Spastica Rex
Spastica Rex's picture

This is just beginner trolling. Really bad spelling errors are a give away. No subtlety or art here,  just keyboard banging. It will take much more than this to create real entertainment.

Tue, 08/23/2011 - 10:47 | 1590238 Flakmeister
Flakmeister's picture

Would you not say that the Hedge is a jaded tough crowd?

A while back Calculated Risk viewship (thread comments) were a great contrarian indicator for the market. ZH has all but morphed into the same for the PMs....I used Monday to sell some close to the money weekly GLD calls for relatively massive premium....

Tue, 08/23/2011 - 11:22 | 1590382 Spastica Rex
Spastica Rex's picture


Tue, 08/23/2011 - 10:14 | 1590072 adr
adr's picture

Well the 100 point plus morning rally i in full effect again.  the total skitzoid market doesn't know what it wants to do. Who really bids up Amazon $12 in thus environment?

Crude is up and down at the same time. The Yen is up after being down. Bank of Amerika is almost even for the morning.

Is SODA higher? Is this a Cramer bought rally?

Tue, 08/23/2011 - 10:20 | 1590101 SheepDog-One
SheepDog-One's picture

JH in a few days and theyre popping markets +100 daily...no QE folks, about to see a huge planned crash. 'To clean up our balance sheets' as Bob Janjua would say. 401K and pensioners, prepare to get bent over big time.

Tue, 08/23/2011 - 10:15 | 1590076 mynhair
mynhair's picture

What happened to the leading '1' in that range?

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