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Market Currents

Tuesday, July 14, 2009
12:24 PM TweetThis
  • David Rosenberg's takeaway from the Meredith rally: "The fact that the equity market could rally this much based on one analyst's commentary is testament to the view of how badly investors want to believe that the recession and credit crunch are behind us and that unbridled prosperity lies ahead."

This news story has 10 comments:

  •  
    that's what make selling so much fun. there wouldn't be a market otherwise. buy low, sell high, higher, higher......
    Jul 14 12:30 PM | Link | Reply
  •  
    I don't know why anyone listens to her, the flavor of the month, or Dick Bove...but they do.
    Jul 14 12:30 PM | Link | Reply
  •  
    SOMEBODY is jealous
    Jul 14 12:30 PM | Link | Reply
  •  
    unlike the rally from march to may that started on a memo "leaked" from Citi?
    Jul 14 12:35 PM | Link | Reply
  •  
    GS made a ton of money on trading, and took losses in real estate.
    SOMEONE was on the losing side of those profitable trades. I wouldn't want to be the companies reporting those losing trades AND losses in real estate.
    Jul 14 12:36 PM | Link | Reply
  •  
    No its a testament to greed and stupidity.
    Jul 14 12:47 PM | Link | Reply
  •  
    Oh, and GS's 60% trading volume to prop up the government, errrrr I mean the market.
    Jul 14 12:49 PM | Link | Reply
  •  
    "The fact that the equity market could rally this much based on one analyst's commentary is testament to the view of how badly investors want to believe that the recession and credit crunch are behind us and that unbridled prosperity lies ahead."

    Amen brother. The MASSIVE consumerism reset is only about 35% of the way thru. We will all have a better idea how this country will look once we are 75% of the way there.
    Expect a lot of malls to get torn down to make way for parks.
    Empty subdivisions to get bulldozed and turned into landfill for trash.

    This reset is ongoing, necessary and has been coming on for awhile now.

    compdivplan.com
    Jul 14 12:52 PM | Link | Reply
  •  
    Short sellers were treating Meredith like a rock star when she constantly(and correctly) pointed out weakness in Bank stocks. She has now made a bullish call and and it is somehow wrong?
    Jul 14 12:57 PM | Link | Reply
  •  
    Short sellers weren't treating her like a rockstar, CNBC did.

    She's at her own firm now and she needs to make a splash. The reason people are so skeptical is because the call looks silly on top of a 150% rally since the lows. Maybe she's right, maybe not. Still, you have to admit that analyst upgrades after a huge rally is more typical of a top than a bottom.

    Beside, Goldman is best of breed, is that really a huge surprise?
    Jul 14 01:13 PM | Link | Reply
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