Citi Near Term Stock Forecast: 9300 In The DJIA; 985 In The S&P; Sees Chart Analogs To Pre-World War Periods

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Wed, 12/14/2011 - 18:34 | 1980776 moskov
moskov's picture

Just wanting to say Bitchz....that's all

Wed, 12/14/2011 - 18:36 | 1980786 Alex Kintner
Alex Kintner's picture

Look out below...

BREAKING!!! The Obama Chia Pet is now available.
https://www.americanchia.com/?rtag=chiaobama&

Wed, 12/14/2011 - 18:41 | 1980809 moskov
moskov's picture

WTF

Wed, 12/14/2011 - 18:59 | 1980863 redpill
redpill's picture

Technical gobbeldygook.  Might as well call Ms. Chloe.

The key flaw with technical analysis is that it largely ignores the fact that things happen for a reason, and not just because they have happened similarly before.  You can find numerous historical charts that appear to correlate with recent trends, but making the leap to thinking it is therefore predictive requires a suspension of disbelief that someone who is attempting to preserve their capital in the modern wasteland of investing has no business taking part in.

Wed, 12/14/2011 - 19:45 | 1981043 SGS
SGS's picture

So that puts Citi (C) at about .21 cents?

Wed, 12/14/2011 - 20:01 | 1981095 s2man
s2man's picture

Yup.  Look!  I found two fractals which are similar.  This implies...

Thu, 12/15/2011 - 00:01 | 1982043 caerus
caerus's picture

speaking of fractals...

those who wish to indulge the lucky lucky chicken bone technical trading community should observe the set up in bidu...2011 has resulted it what may be yet another ubiquitous h&s formation, with the oct right shoulder of the 2011 right shoulder flirting with completion... short term support is at 105ish imo...short interest is relatively small atm...

Wed, 12/14/2011 - 20:10 | 1981135 macholatte
macholatte's picture

Do the Citi guys have any kind of track record that gives them any credibility?

Are they just another pump-n-dump outfit?

What makes them better than the Goldman crowd or anybody else?

Here's my prediction, and you can bet your life savings on this:

The market is going to go up, it might go down first, but it will eventually go up. I don't know by exactly how much or when this will happen but I'm absolutely positively sure it will be at some time in the future.

OK?

 

Wed, 12/14/2011 - 21:02 | 1981393 Mactheknife
Mactheknife's picture

>What makes them better than the Goldman crowd or anybody else?

Because when the global banking cartel who own C, GS, JPM, the Fed, the Bank of England and many more, runs out of ways to fleece the world, they figure out ways to buy the right politicans to start wars and then they fund both sides. You can take this as a threat from them. And don't think for one second they can't deliver.

Wed, 12/14/2011 - 21:24 | 1981478 DeadFred
DeadFred's picture

A Citi forcast like this is worrisome for bears. We're starting to get the typical MSM scare tactics that always precedes a bottom. Next we'll get Mohamed El-Erian spouting gloom and doom. It's not that what their saying is off it's when they get air time and front page space you know the down turn is about over. They do this so lots of people will be selling as the insiders buy into a bottom they know is coming. One Citi post is not enough but if Goldman, Cramer and El Erian get face time cut your short positions. I will.

Wed, 12/14/2011 - 21:48 | 1981553 Mikehy
Mikehy's picture

I get why institutions would try to get people worried near a bottom, but not following why the media would join them. As annoying as the media can be it takes quite a jump to imagine that the media has a vested interest in scaring money into banking hands

Wed, 12/14/2011 - 21:54 | 1981576 Mactheknife
Mactheknife's picture

Well....who do you suppose owns the main stream media?

Wed, 12/14/2011 - 22:01 | 1981597 Mikehy
Mikehy's picture

And all of the employees in the media? And somehow all those employees have managed not to let the cat out of the bag all these years? I am all for conspiracies, but at some point there has to be some limit on the size of the "them"

Thu, 12/15/2011 - 03:49 | 1982369 bank guy in Brussels
bank guy in Brussels's picture

Media employees have to please their bosses, or get fired for some made-up fictitious reason.

Only a few companies control most Anglo media. They don't even have to speak the rules; the submissive employees 'know' what they must do.

There are a million unemployed kids dreaming of media jobs ready to kiss arse and replace them, if any current big media employees do not behave.

And then once the media employee is unemployed, on the margin, and he tries to 'blow the whistle' ... what is he or she? ... he or she is now a blogger, one that you probably haven't heard about, one more voice mostly overwhelmed by the major media hurricane.

Thu, 12/15/2011 - 00:23 | 1982093 scratch_en_sniff
scratch_en_sniff's picture

Well thats right, things do happen for a reason, well spotted, but when it comes to markets there is always a certain dynamic in which that reason or chain of events unfolds, and its all reduced to a simple series of prices on the charts for easy access, or indeed some biased, easily followed narrative in a history book. As a thought experiment; say you had absolutely no idea of history, only an ability to read charts, and one day decided you wanted to learn some actual history, but to save time you only wanted to learn about key events in history. Well you could look at a chart for any particular year and identify extreme pricing events, or where the market seems to be exhibiting abnormal behaviour... and surely enough if you went to the library and found some material for the corresponding year or era, you would certainly find defining moments.

The charts just show you how it all unfolded in the market, or how the market expressed itself at the time, and if the market is always right for the most part, then why not look at what it was telling people at another point in time?

But the key flaw with your swagger, is that you think the people who look into the market past actually proclaim certainty over our future, when really, they are for the most part aware that the actual dynamic of reality is a tough thing to capture, through literature or charts, and are really just drawing our attention to key points. In a nutshell, like a lot of psychopaths that post here, you take the brave step of assuming that people are thick. You have seized this as just another opportunity for you to pontificate with your correlation is not causation brain farts, haven’t you? “Look at me, I have realised that i exist on a bleak random planet, aren’t i fucking great!“

Get over it, there is not one serious technical analyst in the world who thinks they have hard proof that something is going to happen. Out of sympathy for them I would recommend they put a disclaimer on they’re work “Please note, we are not trying to predict the future and are quite aware, being educated adults, of the whole correlation is not causation phenomenon, so be a good boy and don’t piss your pants”.

Wed, 12/14/2011 - 18:48 | 1980836 RobD
RobD's picture

LOL Cha...Cha....Chea! Love the "Yes we can" on the side.

Wed, 12/14/2011 - 18:57 | 1980870 Matt
Matt's picture

Chia Obama: "Representing Peace, Hope and Prosperity" Wow, really?

Wed, 12/14/2011 - 19:45 | 1981041 Spastica Rex
Spastica Rex's picture

It's covered in green shoots.

Wed, 12/14/2011 - 20:03 | 1981106 s2man
s2man's picture

That was good, Rex. 

+1 script is broken for me about 25% of the time, lately. :-S

Wed, 12/14/2011 - 23:21 | 1981927 my puppy for prez
my puppy for prez's picture

But wait....there's more!

Get TWO chiaobamas for the price of one, and we'll throw in a thermonuclear war ABSOLUTELY FREE!

Wed, 12/14/2011 - 19:47 | 1981051 blu
blu's picture

Onion parody maybe? No?

Well then -- what the actual fuck.

Wed, 12/14/2011 - 18:49 | 1980839 HedgeAccordingly
HedgeAccordingly's picture

it is all about the chicks. and dow 6666 http://hedge.ly/gFWVSm

Wed, 12/14/2011 - 19:18 | 1980933 vast-dom
vast-dom's picture

Too kind! SP = 850! Anything higher is pure market manipulation disregard for funduhmentals and structurals and laws of physics and good taste.

PS silver at 53-58; oil at 112-128. Everything else is pure casino rigging. 

Wed, 12/14/2011 - 20:00 | 1981091 The Big Ching-aso
The Big Ching-aso's picture

 

 

Another world war because of greed, corruption, and stupidity.  Swell.   What the hell happens when we run out of this world to war with? 

Aliens must think this is one of the top 10 scariest places in the universe to visit.

Wed, 12/14/2011 - 18:36 | 1980783 falak pema
falak pema's picture

-30% is that awl....? gee thats nada...I thought this would fall to S&p = 500.

Wed, 12/14/2011 - 18:58 | 1980876 r101958
r101958's picture

Problem with these comparisons is that the underlying fundamentals are completely different now. The current situation is much worse. Government is 15 t in debt, Fed has no more ammo, the people are broke and/or over-leveraged and resources are peaking or over the peak. This is the problem when just comparing charts...not much else is considered.

Wed, 12/14/2011 - 19:09 | 1980919 redpill
redpill's picture

It also ignores the reality that most stock trading is done autonomously by high frequency trading algorithms and goosed on by global "coordinated actions" of central bankers on a day to day basis.  There is nothing real about this market, it has become inherently unpredictable.

Wed, 12/14/2011 - 23:16 | 1981908 my puppy for prez
my puppy for prez's picture

The FED may be outta ammo...but Americans are all stocked up.  Record gun sales this holiday season.

"What do you want for Christmas, little girl?"

"Why, Santa, all I want for Christmas is a pink Bushmaster ACR.  Please, Santa?  I've been very good this year..."

 

Wed, 12/14/2011 - 19:06 | 1980906 redpill
redpill's picture

Actually that last downward leg sort of looks like the Citigroup stock price over the last 5 years.

Wed, 12/14/2011 - 19:22 | 1980959 fuu
fuu's picture

<golf clap>

Wed, 12/14/2011 - 19:50 | 1981060 blu
blu's picture

It will be S&P at 500 in today's dollar valuation -- but dollar devaluation will have it at 5,000 by then.

Bullish!!1! You're selling physical PM and going long now, right? Good man!

Wed, 12/14/2011 - 18:36 | 1980790 ghostfaceinvestah
ghostfaceinvestah's picture

What is Carter Worth predicting these days?

Wed, 12/14/2011 - 18:40 | 1980792 TruthInSunshine
TruthInSunshine's picture

mm hmm

 

 

They may be right

They may be wrong

You may be right

I may be sorry

But just don't let confirmation bias burn your ass...

 

I twisted Billy Joel lyrics very badly, and I'm not even saying I agree or disagree (how could I even know?), but since when is Citi an authority of prognosticative reliability on anything, whether PM prices, equity index levels, or anything else in or of the future, for that matter?

Is the same Citi that had such talented chartists/analysts that it is ward of the state (...errr, nation)?

 

My non-technical, non-chart derived, ass meter says that the economy now officially sucks, it will get worse as deleveraging continues for YEARS (which in and of itself, will add more velocity to the deleveraging already under way), that The Bernank will be soon unveiled for the false wizard and charlatan that he is, and everyone should buckle up.

Wed, 12/14/2011 - 18:41 | 1980813 kengland
kengland's picture

I agree completly. To take it to another level, why is this nonesense brought to ZH for consumption when on any given day that ZH discredits everything coming out of shops like this? Inconsistant to say the least

Wed, 12/14/2011 - 18:46 | 1980826 Tyler Durden
Tyler Durden's picture

Just to make sure our pharma longs which sell anti-anxiety meds, don't miss on their top line

Wed, 12/14/2011 - 18:56 | 1980865 tmosley
tmosley's picture

The joke's on you Tyler, we're all off our meds!

Wed, 12/14/2011 - 19:04 | 1980902 Rainman
Rainman's picture

yeah, now we're all fukked up on Mountain Dew

Wed, 12/14/2011 - 19:24 | 1980968 TruthInSunshine
TruthInSunshine's picture

Speaking of "pharma longs," there is a massive shortage of medications (mainly generic ones) in the United States as of now.

I am confident many of you already know of this.

Strange times.

Wed, 12/14/2011 - 23:07 | 1981876 my puppy for prez
my puppy for prez's picture

They're in the Siberian pharma-vault and or the FEMA camps

Wed, 12/14/2011 - 19:54 | 1981079 NotApplicable
NotApplicable's picture

Oh, so... now I know why a Tyler told me recently it was med time.

I'm with tmosley though, no pills for me.

Speaking of meds, I do believe it's beer-thirty.

hasta la bye-bye!

Thu, 12/15/2011 - 01:20 | 1982210 Nobody For President
Nobody For President's picture

To hell with pharma - Long distilleries!

Wed, 12/14/2011 - 19:23 | 1980840 TruthInSunshine
TruthInSunshine's picture

I've found that one of the hardest things for me in life, generally speaking, is to remove emotion from how I view the world and to try and detach myself from how things should be (as in investing my emotions in the progress I see in rectifying wrongs and injustices).

I sometimes succeed, but more often than not fail, in doing so.

I'd love for real money (as in things having inherent value) to literally bring down an economic system built on Ponzinomics, where colored toilet paper passes as the object of desire based on proclamations of its 'full faith and credit' or other such nonsense, and for a real system not based on Ponzi schemes mostly derived from fractional reserve 'banking' practices to exist, whereby real and true talent and work are are rewarded (found frequently in free market systems, which bring maximum benefits to the largest % of the population). This would leave NO role for Goldman Sachs or JP Morgan, unless they reorganized completely and were weened off of the teat of the state/FedReserve.

Will it happen?

I dunno.

Wed, 12/14/2011 - 19:40 | 1981024 Miss Expectations
Miss Expectations's picture

Den of thieves, carpenter.

Wed, 12/14/2011 - 18:37 | 1980793 fonzanoon
fonzanoon's picture

75% of the people on this site have the S&P at 900 by next week. 2014 is light years away.

Wed, 12/14/2011 - 18:54 | 1980855 JPM Hater001
JPM Hater001's picture

My puts expire Monday so sooner than later pleas.

Wed, 12/14/2011 - 19:39 | 1981016 TruthInSunshine
TruthInSunshine's picture
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Wed, 12/14/2011 - 18:37 | 1980795 kill switch
kill switch's picture

Roll out the red carpet to the cellar!!! Has anybody thought about how a DRONE LANDED IN IRAN WITHOUT A SCRATCH?? THREE POINT,,,NICE SETUP NEOCONS

Wed, 12/14/2011 - 19:31 | 1980998 iDealMeat
iDealMeat's picture

Apparently all you have to do is sit outside with your laptop and wait for the "Found New Hardware Device" to pop up..

Double click on it.  And land it..

 

duh..

Wed, 12/14/2011 - 20:02 | 1981099 NotApplicable
NotApplicable's picture

LOL

More likely they went outside after lunch and saw it sitting on the tarmac, where they all channeled Steve Martin and Dan Akroyd's old SNL skit, "What the hell is that?"

Tinfoil sites claim some Chinese gave Iranians access to their back-door. Spy vs. spy vs. spy, all with the same Fabian paymaster.

Wed, 12/14/2011 - 22:09 | 1981627 TruthInSunshine
TruthInSunshine's picture

+1

Updates available, bitchez.

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