• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

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

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Thu, 08/18/2011 - 07:29 | 1571876 markmotive
markmotive's picture

ECRI leading index has been declining since spring 2011.


The forecasters are simply playing catchup.

Thu, 08/18/2011 - 07:29 | 1571879 michigan independant
michigan independant's picture

They should get out more.

Thu, 08/18/2011 - 07:38 | 1571900 RunningMan
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.

Thu, 08/18/2011 - 07:59 | 1571964 DarkStarDog
DarkStarDog's picture

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

Thu, 08/18/2011 - 07:31 | 1571882 DogSlime
DogSlime's picture

No-one could have foreseen this...

Thu, 08/18/2011 - 07:31 | 1571883 ZackLo
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?

Thu, 08/18/2011 - 08:19 | 1572030 Pay Day Today
Pay Day Today's picture

When silver flies up to $100.

Thu, 08/18/2011 - 07:50 | 1571915 bigdumbnugly
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.

Thu, 08/18/2011 - 07:44 | 1571919 j0nx
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.

Thu, 08/18/2011 - 08:12 | 1572009 WonderDawg
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.

Thu, 08/18/2011 - 10:37 | 1572906 Temporalist
Temporalist's picture

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

Thu, 08/18/2011 - 08:01 | 1571970 DarkStarDog
DarkStarDog's picture

I bet the data feeds get all funked up today.

Thu, 08/18/2011 - 08:25 | 1572050 firstdivision
firstdivision's picture

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

Thu, 08/18/2011 - 08:57 | 1572163 Downtoolong
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?

Thu, 08/18/2011 - 09:15 | 1572291 oogs66
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

Thu, 08/18/2011 - 13:21 | 1573707 dotrodfag1961
dotrodfag1961's picture

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

Sat, 01/21/2012 - 01:33 | 2083465 jaffa
jaffa's picture

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