The rally hasn't shaken Morgan Stanley's Adam Parker from sticking to his projection that the...

This news story has 6 comments:

Register or Login to rate comments »

bbro Comments (7844)
 
S&P at 1167,,,,all of these stocks would be underwater from here...
14 Aug 2012, 08:40 AM Reply Like

convoluted Comments (1234)
 
Yeah- that's a good one-ride out the storm in oil and copper. At 1167 FCX will drop 40% (recall that it's still not cheap/split recently misleads people) SLB would drop to low 60's. Better to ride out the storm on one of those mechanical bulls (or heaven forbid, sell DITM calls on positions, or just short).
There's a lot of humor in the financial media these days.
27 Aug 2012, 01:47 PM Reply Like

Paulo Santos Comments (11677)
 
If the market were to do poorly, FCX wouldn't do well. Indeed, FCX will have trouble doing well even with the market doing well if copper doesn't participate due to China's transition away from investment-led economic growth.
14 Aug 2012, 08:40 AM Reply Like

alphaman Comments (85)
 
Mr. Santos:

I agree. I have lately seen the strangest arguments as to why one should buy FCX now. The best one was that "You should buy before the price of copper goes up".
14 Aug 2012, 03:33 PM Reply Like

Paulo Santos Comments (11677)
 
Copper actually seems more likely to head down (barring any quantitative easing).
14 Aug 2012, 03:36 PM Reply Like

cb1968 Comments (2)
 
The idea to ride out storm with cyclical names like FCX and SLB is strange. Historically, a name like FCX and others in base metals underperform during market sell offs. I will not get into how a large cap bank like JPM would perform in such a scenario. Utilites might hang in better. Cash would be ideal for his scenario.
4 Sep 2012, 03:52 AM Reply Like