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."
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.
"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.
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?
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?
Stock Doc: With a near-term stop set at around $42.60, Gilead (GILD) has a nice risk-reward ratio. Unless it hits that stop, it could revisit $46/share
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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.
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
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?