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Stocks could see gains of 40% or more this year, says Pension Partners Michael Gayed. That...
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Friday, May 4, 2012, 4:14 PM ETStocks could see gains of 40% or more this year, says Pension Partners Michael Gayed. That prediction has one caveat: the economy has to cooperate. "What happens when you come off a deflation scare is you tend to have very big moves historically in risk assets,” Gayed says, and he's banking that the Fed will kick off the reflation trade to add more liquidity to the markets - which will be followed by a retail buying frenzy that will push stocks to extremes.
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For example, last summer, until the last minute, everyone was saying the US default talks would be successful... and then they weren't. Michael made the call for an August crash around April or May '11, if I remember correctly.
We could just as easily retest the 2009 lows you charlatan!
40%?
Why stop there?
Hell, go for the gusto pal, just call for a double!
Its no more asinine as your call for 40%!
If Bernanke were stupid enough to uleash more dollar destroying QE, you'd get your 40%!
40% to the downside!
Any more QE and the standard of living in this country would be decimated!
You think $10 a gallon gasoline would help get you your 40%?
What a crock of sh**
You sir, are not good for my nervous system!
I've been following Michael's articles for over a year and in my opinion, he seems to share his honest opinions - most of them were spot on target.
So, before you start name-calling, I'd suggest you bear in mind the 2 following articles:
Are Broker-Dealers Warning of a Collapse?
on Thu, May 26, 2011
http://bit.ly/IRMSYp
The Summer Crash of 2011, Or the Great Re-Adjustment
on Wed, Jun 8, 2011
http://bit.ly/JkqSkg
Please investigate someone's background before blindly starting throwing insults at a person, whoever that might be. OK?