This page has been archived and commenting is disabled.
WTF Bloomberg Chart Of The Day
That idiocy is job requirement for the bulk of sell-side "bankers" has long been known. That Bloomberg wishes to glorify it by making Wells Fargo's prediction of S&P 3700 by 2022 its "chart of the day", however, is absolutely ridiculous, and certainly qualifies for the WTF moment of the day.
From Bloomberg
Wells Fargo Advisors examined return for stocks over next 10 yrs when the start date is three years into a bull market and found in prior cycles that stocks have risen a median of 162%; implies S&P 500 can reach ~3700 by 2022.
- Firm examined five prior cycles starting in year 3 of bull market: Chief Equities Strategist Stuart Freeman in note yesterday
- 1973-1983, 1977-1987, 1983-1993, 1985-1995, 1993-2003
- 2006 cycle only 6 yrs old, posting 12% return
- 10-yr returns range from low of 57% for ’73-’83 cycle to high of 194% for ’85-’95 cycle
- "What we are suggesting is that there is much evidence the last 40-plus years of later-cycle returns following the first upleg in cyclical bull markets and periods of mid- cycle meandering"
The desperation to push Joe Sixpack back into stocks at all cost, and get him to buy the hot grenades held by Primary Dealers, and GETCO's FRBNY "PPT" account, reeks from miles away.
As for "predicting" 2022, here is ours - the two machines left trading stocks will send the S&P to at least one quadrillion. Unfortunately, stocks will be priced in something called a "fiat currency" which will be totally meaningless by 2022, as it will be devaluing by the same amount on a nano-hourly basis.
»
- 13330 reads
- Printer-friendly version
- Send to friend
- advertisements -
Inflation driven price appreciation
S&P will be 6400 by 2022, thats why im long with zimbabwe money...
Just flip the chart upside down.
This kinda shit reminds me of the ramblings of equity managers.
Er. Uh.. Never mind....
Yep. Nominally the S&P might be at a trillion by then, but you'll have to sell a kidney to buy a gallon of gas.
Thus, AAPL Mcap > US GDP.
Correct. This prediction is very accurate because one only needs to look at the Zimbabwe stock markets in 2006 onward. Of course they forgot to mention that gas will be $40/ gallon, gold will be $60,000/oz and silver will be $1700/oz... and the streets will look like somthing from a Mad Max movie... oh and ONE more BIG thing I forgot to mention... the streets will be lined with the heads of banksters.
I declare DOW 42,000, S&P 4900, and PONZI500 at 666,000...
Go ahead Ben, make my day!!
Weezer - say it ain't so - cont.....
Somebodys apples, are crowdin my icebox,
Somebodys pimp-co, is givin me chills.
Guess ill just close my eyes.
Oh yeah, alright
Feels good, all hype.
Flip on the tele, listen to Benny
Insider trading, behind my back
The bubble is ready to blow...
Say it ain't so-oh-oh
Your dow- ow has funds to flow,
Say it ain't so-oh-oh
Your dow- ow needs your dough
I will just pay you
Since I can't even sue you
My taxes are long due,
So try and be cool, when I say...
This way.. is a waterslide away for me to chase returns ev-eryday- ay... so be cool. Ya
Say it ain't so-oh-oh
Timmay -ay wants your dough
Say it ain't so-oh-oh
We love the ben bernank show.
Dear barry, I write you,
although you love my silence.
You cleaned up, found jesus,
Or maybe allah I hear.
This pomo, sensation
Will bring us mass inflation
Like bush one, and bush two,
Our wealth is drowning in the flood-od, yeah, yeah-yeah, yeah-yeah
love that song!
good conversion
What if the Federal deficit was doubled and another tillion dollars was transfered to subprime student aid and students were mandated to buy two more AAPL products, then we would see a nice rally in equities. Why not? Ben's right there is no downside or black swans assoicated w stimulus. He is a hero and should be held up as the greatest person (liar) in the world.
Inlusive of global + private equity, that would be a markup of what... $80+ trillion?
Seems legit.
Except for the fact that everyone knows that the world is going to end on Dec, 21, 1212.
So the world ended 1000 years ago, and we have been living in the Matrix ever since?
Sounds about right. S&P flirting around 1400 plus/minus 1 for the last few hours. My bet is PTT will bust their ass to get the close above 1400 on the day, even if 1400 and change, i.e. not 1401.
Die, you sob...
Inflation driven economy
I wonder how much they project a gallon of gas will cost in 2022.
2 silver dimes is my projection. (a little less, actually)
Unless you know somebody in the military you won't be able to buy any. Grow your own!
Long Dec'22 3700 calls
Hmmmm, condor?...nah, butterflies!..no wait...
Vulture!
The doodlings of just one of many psychopaths that inhabit the offices of the criminal syndicate known as Wall Street. Maximum ignore.
A suggestion for the folks at Wells Fargo...perhaps, it is LONG PAST TIME to commence internal efforts to actually address your utterly destroyed credibility? Just a thought.
it will be 11,400 by 2034 (10% comp return for 22 years)
and 1,000,000 by 2080!
buy now or be priced out forever.
/snark
All backward-looking, historical-precedent-based, technical market analysis is utterly useless now. It really is different this time.
There are only two possible outcomes, hyperinflation or debt liquidation. Current market action and policymaker behaviour certainly makes it look like the former, only time will tell. And it won't be long.
They will never allow debt liquidation or any deflation because then the banksters and WALL STREET SCUM will lose and that will never be allowed to happen. In case anyone forgot, 2008 proved how far they will go... KARMA IS A BITCH though..
That was known as capitalism back in the late 1700's.
We haven't had that since 1825.
the advantage is the new transparency regime and helicopter pilot at the Fed... We know how it will end! Get z long for the (Hyper)Inflation...gold and stocks
Even Lazlo Birinyi just said, "WTF are they smoking over there...and whatever it is get me some!!"
full disclosure: fake Lazlo quote.
Mmmm... Biryani.
inspired by puppet master Warren B who desperately needs to see his long dated short put position on the S&P 500 to expire worthless (these weapons of financial mass destruction)
farmboy,
Didn't you mean "muppet master Warren B"? (He who bought Goldman)
WARNING: Past performance does not guarantee future results.
Have a nice day.
It does when you supply your chartists and analysts with the same product other wings of your company got busted laundering the cash proceeds....
And folks wonder what they're on....
initial 3 years of bull market! really?...
lets Wells fargo give out his forecast: US gross debt / interest payments and
10 year %rate
alx
I have heard a few times before that secular bull and bear markets are generational in nature. Therfore, this bear Market, starting in 2000-2001 might not come to an end for about 6 to 8 more years or so. Nominally, in fiats, sure, S&P might hit 3700 in months under hyperinflation, but of course not in real money terms.
For projected return relative to gold performance, simply flip chart upside down.
Reminds me, I've got to get some more gold.
#2006 cycle only 6 yrs old, posting 12% return
funny somehow it didint work out last time...
i bet its probable outcome for next 10 years
alx
when the S&P reaches 3700, i'm shorting with 5X short ETF!
That's just a conservative gold chart.
QE# Quintrillion
If the Banks are loaded to the gills with treasuries why are the trying to goad retail joe 6 pack into stocks? So they can dump the market on him and then when he comes scrambling back they dump their treasuries on him too? Poor Joe.
Remember Sotheby's trading at near 100,000$ for a few milliseconds?
TYLER, DID OBAMA TAKE THE LONG SIDE OF THAT TRADE?
http://www.bloomberg.com/news/2012-03-28/unemployment-may-drop-to-6-by-mid-2013-n-y-fed-study-finds.html
http://www.youtube.com/watch?v=sfdJhiFYwn4
They "examined return for stocks over next 10 yrs when the start date is 3 yrs into a bull market."
So, they looked at prior examples of bull markets, and arrived at the conclusion that it proves this must be a bull market?
Did they also examine past scenarios where the "start date" was just before the beginning of a bear market?
"In the past, the beginning of bull markets were (surprise!), the beginning of bull markets" Thats all I can get from this.
2022: 1) world's reserve currency is Yuan, 2) gold is illegal in US but priced at 10K /oz., 3) a 12 oz. diet coke at 7-11 costs $9.95, 4) gas is at $14.99 / gal., 5) unemployment rate is stuck at 12%, and finally 6) who gives a shit where the S&P is when life, as the founders of the country envisioned it, is OVER AND DONE WITH AS WE ARE IN SOCIALIST AMERIKA.
http://vegasxau.blogspot.com
6) IS ALREADY TRUE. But in a Fiat regime with eroding policies and fundamentals, make Lemonade. And stack.
China 2022, btw, embroiled in civil war. Gold is the monetary standard. Diet coke no longer available. Gas no longer available. Unemployment rate is no longer calculated.
and oil $1,500 a barrel.
WF are laughing at us. They do this kind of thing as a prank now.
This is a clear sign of drugs in the workplace.
My prediction is Wells Fargo will be at Zero in 2 years. They still have Wachovia and Golden west to deal with.
Golden West, it reeks of irony.
That's just a positive spin on the US going Zimbabwe.
and a loaf of bread will cost you three hundred shares of AAPL.
Laszlo wants his ruler back.
Thye DOW/GOLD ratio will be at 1:1 within 3 years; pick a number between 3000 and 30,000.
My number has been and remains $6,000. But who knows that dow gold ratio might go 10 to 1 with the 10 beig the Dow.
paper gold or physical gold?
One wonders what their predictive powers said about the S&P in 2012 in 2002.
http://www.wellsfargohistory.com/archives/annualreports/2002AnnualReport...
Translates to an annualized ROR of 10.11% - a bit aggressive if you ask me. Long run historical averages are more like 7% - 8%...
We already know what returns will be in 2022 .. -2% annualized real rates of return from 2007 - 2022
http://advisorperspectives.com/dshort/charts/index.html?guest/BP/120306-...
Buy the market today and expect a 0% real rate of return for the next 15 years.
Does WTF stand for Wells The Fargo or something? I've seen that around quite a bit lately.
Past performance is no guarantee of future results. I'm sure that's in there somewhere.
WARNING:
The hounds are getting hungry and desperate to reel in the retail suckers to BUY these ponzi stocks so they can FINALLY UNLOAD them... we all know the game. This is a warning to everyone even thinking about taking the bait!!
I am posting this because my contact has updated me on the status of the street... they can't hold out much longer without more BEnron QE crack or retail suckers buying en masse... fear is there because the word that ponzi money is tight these days... we could see some margin calls coming in...
Gradual stock-sucker market coming to senses is no longer applicable.
Let's wait patiently for 1000 dow pts per day drops.
After QE70, more like S&P 37,000,000. Stock up on Tide.
Tide hoarders are terrorists.
And now for some interesting tidits
http://www.youtube.com/watch?v=dXBpIh_8_Bk&feature=related
scary, my wife closed an old capital one direct banking account that had a small amount of money in it in february. they sent her a check for the account balance and it bounced nsf.
No doubt that QE37 will drive the market that high..... Of course the price of a loaf of bread will be 400 barrybucks at that time..... Question I have is whose picture will be on the one million dollar billl Bernie or Barry?
Hats off to Tyler for summarizing the whole thing in two sentences. Brevity is succinct and damn funny too.
The Market will no longer exist in 2022. People that haven't died from eating corexit coated shrimp or radioactive tuna will be killing one another for the nutritional value of Air Jordans.
some people will be lilving on their land, forced perhaps to defend it, but living nonetheless.
I wonder what the ratio of people living in the country relative to those in the cities and suburbs has done in the past few decades. My suspicion is that the ratio has fallen by a factor of at least 10. Expect rovers from the high density areas to become squatters on the larger tracts surrounding metroploitan/suburban areas. A friend of my wife's just came to visit from Portland, bragging about her 20 new chickens and the eggs they produce. Another couple raising goats and making cheese. Another farming trout in their large, deep pond in the Adirondacks... back to basics, y'all.
Bloomberg has come up with a lot of false crap lately. Advising unemployment way down in 2013 and deceiving headlines. i wonder if Mayor Bloomberg is writing their script.
Looks like another source of business news bites the dust of truth.
Lots of "happy pills" news coming out of Bloomberg. Neither well founded nor persuasive. Definitely a sign the end is nigh.
Can't wait until the stock market and unemployment are both making new highs. This is the BSE (Bernanke Shalom Express) and we are about to take the mainline through the banana republic wastelands.
What happend to, "Past returns are not indicative of future results"??
http://www.wellsfargohistory.com/archives/annualreports/2002AnnualReport...
S&P can go to 4000 in 2-3 years still don't mean shit if gas is 12$, milk is 20$ and gold 15,000$/oz...
2022? Lol. http://www.youtube.com/watch?v=Z7SPQzmiMjk
http://www.youtube.com/watch?v=b0-zKZhdjsI&feature=results_main&playnext=1&list=PL684A225AD45390D2
http://www.youtube.com/watch?v=0q-SWhHk0Ic
http://www.youtube.com/watch?v=fRJcGbDQ62M
...try not making it past 2016 without a miracle return of Christ.
ssshhsssttt ssshhhsssst birddog one this is bendover rover ---- you got copy--over--
ssshhhiiitttttsss ssshhiitttsss this birddog one we got your copy----over
Bird dog we have completed flyover and cannot I repeat cannot find anyone else to fuckover----over
Birddog did you copy-----over-----ssshhiiitttsss copy that bendover----birddog---- reports of 3 nuns and 7 children seen running from sector walll and broad---sshhhiiittssss--pursue and assimilate----over
ssshhiitttsssss----copy that----birddog--bendover rover on our way to that sector---over
Pilot blankfind---god I love this job-----reacharound pilot dimon---me too now hit the afterburners and lets go kick some nun ass, God I love this country.
WHAT THE FUCK
OVER
i dont understand your amazement tyler, like this has never happened before in nominal terms.....not that I agree with the assessment, but this is not surprising.
I seem to remember the same charts coming out of Japanese investment banks some 30+ years ago.
And if I birdie #1, it implies shooting a round of 54.
The clear choice we have is whether we want to be right on the argument ( which I believe we are) or do we want to be right and make money. if the purpose of the argument is to assist readers to prosper as a result, we still have to find the tools to make that happen. As our Japanese friends have learned, you can have a market go from 40,000 to 10,000 and still enjoy numerous rallies of at least 35%. The same is true even if the argument somehow fails to be correct & the obvious result is we miss the opportunity. To help predict the markets (always difficult, especially about the future) we have to find the tools to do so. Here's our solution: http://www.quacera.com/portals/22792/flash/dow%20stocks.swf
and here's how to use it: http://www.quacera.com/qpm-radar-explanation/
I will only say this: When a cyclical bull market really does begin no one will be pounding the table about what a great time it is to buy stocks.
In 1982 Businessweek ran "the death of equities" as it's front page story. For a huge bull market like that to start everyone has to hate stocks.
Zactly! Never, ever a bull market that started when a bell rang. Usually you have to drag yourselve over the dead bodies of the bulls that died of towel throwing accidents.
Yes, of course, with Wells Fargo at the top of the pack based on all those earnings made by laundering Mexican drug cartel money, which is made in turn by exporting drugs to Wells Fargo analysts in the US.
Sure, in devalued dollars.
Not shown with the chart: gold at $25,000
In 2022 the US is adding 1 trillion debt to the balance sheet every week. AMZN P/E 152,000 and so on ..
2022 .. LOL. Like we're ever going to see that.
so much for objective quality journalism
i suppose the Bloombergers have to switch off their brain in the morning before they go on air - or they had it removed before signing
DOW 40,000 = Gold 40,000 ...... cant wait.