Morgan Stanley: "We Have Been Arguing For A Stronger 2H US Economy.. And We Are Capitulating"

Tyler Durden's picture

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markmotive's picture

ECRI leading index has been declining since spring 2011.

http://www.planbeconomics.com/2011/08/17/chart-ecri-leading-index-declin...

The forecasters are simply playing catchup.

michigan independant's picture

They should get out more.

RunningMan's picture

Maybe this comment was made in jest, but this is precisely the problem. Washington DC was booming from gov't expansion through this year, so politicians saw no crisis (or paid it lip service). Wall Street saw the crisis from their terminals, but even NY didn't decline as much as one might have expected (yet). So we have this 2 year bull market courtesy of the Fed, and all is good, right? But work this year has been harder to come by since 2008, which was abysmal.

DarkStarDog's picture

They cant mingle with peasants, it's way too dangerous.

DogSlime's picture

No-one could have foreseen this...

ZackLo's picture

Ah so after blowing up their rates desk blow up ,now they just had their long equity positions blow up in the last couple weeks too?!?!? the house of morgan has lost it's touch for sure...so when do they file chapter 11?

Pay Day Today's picture

When silver flies up to $100.

bigdumbnugly's picture

if MS is two weeks behind the curve as you state here, and at the rate of this market's schizophrenia, ironically it won't be long until they accidentally become cutting edge again.

j0nx's picture

Like weathermen, financial 'experting' are the only two professions where you can be incredibly wrong in your predictions and yet still get to keep your job somehow.

WonderDawg's picture

And now that the weathermen have gotten their shit together, it's only the financial experts that can be incredibly wrong and still keep their jobs. The weather forecasts are pretty damn accurate these days.

Temporalist's picture

You both forgot Politicians who can not only be wrong but blatantly lie.

DarkStarDog's picture

I bet the data feeds get all funked up today.

firstdivision's picture

So in summary, MS is saying "whaa! We need QE3 or our bonuses will suffer".

Downtoolong's picture

We Are Capitulating

Oh, the vernacular of Wall Street.

I know that love means never having to say you’re sorry. What emotional state means never having to say I WAS WRONG?

oogs66's picture

cramer just threw them under the bus for adding fuel to the fire...how stupid is that?  at least they are trying to admit they were wrong

dotrodfag1961's picture

Morgan Stanley Smith Barney - We put the COUNTER in "counterintuitive." 

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