Bearish Grumblings: The Edwards Strikes Back

The indefatigably bearish SocGen strategist Albert Edwards made some entertainingly grumbling comments in Hong Kong today. Here’s a summary:

• Market will hit new lows in 2010 as we go back into recession
• Faith in growth stories is a “sick joke”
• Japan will fumble into bond sale trouble in 2010 as investor appetite dries up and yields climb

You have to give Edwards credit for having more staying power than most of his bearish brethren. Like Han Solo at the end of The Empire Strikes Back, Edwards is frozen in the bearish equivalent of carbonite – which is part of why we love him so.

More here.

Comments

[John Galt:]

Keep laughing.

Your government has everything under control and they saved the day.

Nov 10 08:32 AM

[The Geoffster:]

In the meantime, enjoy the party, but leave early.

Nov 10 09:18 AM

[HunterGVL:]

Stocks suck on crappy volume with no fundamentals. I guess being bearish in light of $600 Trillion in zero valued derivatives is just silly. I guess Unemployment at 17.5% and bursting is just irrelevant. I imagine that 48 state budgets looking at a 2009 budget deficit of $160 Billion and very conservatively estimates of 2010 approaching $200 Billion are green shoots. Commercial Real Estate? Falling GDP ( and don't give me that clunkers/housing boosted number crap) Higher taxes on everything from drivers licenses to property. Oh yeah, I am seeing carbonite as well. Between the ears of Bernanke, Geithner, Summers, and Obama. What a cluster. Go ahead.....it must make sense to some of you to be, "all in stocks." Good luck with all that!

Nov 11 01:22 AM