Comments on: Lehman, Deutsche Bank Strategists Predict Best 6 Months for S&P Since 1982

By: Anonymous

Anonymous — Tue, 08 Jul 2008 03:46:00 +0000

The market has one job and one job only and that is to take the most amount of money from the most amount of people in the least amount of time. Place your bets please.

By: Anonymous

Anonymous — Tue, 08 Jul 2008 01:04:00 +0000

Re: mkt trends:

“… the consolidation has formed at the overall lows of the very bearish downtrend, which began in mid May. This type of behavior is very indicative of more weakness ahead…”

By: Michael McKinlay

Michael McKinlay — Tue, 08 Jul 2008 00:30:00 +0000

S said...

I didn't say $120 was going to change the economic equation a lot ... I said :

Should oil drop below $120 it would be very bullish for stocks.

And I also said that the Bear Market would have wide swings but that the long term direction was lower from here.

Just remember " A fool and his money are soon parted " and that's what you have in this market.

By: Anonymous

Anonymous — Tue, 08 Jul 2008 00:22:00 +0000

I don't remember the day but I remember the event. When the Dow broke 1,000 the head of equities for Pain Webber got on the squawk box and screamed: "Buy, Buy, Buy, I don't care what it is just tell your customers to buy, buy, buy.

At that time I was selling the 14's of 11 at a deep discount to anyone who would touch them. It was the best trade in my life.

I don’t see any reason for the market to soar other than some 20 year old kids oversold computer model, but having been in the markets in the 70’s that model will remain oversold for years without a major rally.

By: Jojo

Jojo — Mon, 07 Jul 2008 23:48:00 +0000

Anyone can make predictions. Wasn't CNBC and big media touting how the FED had saved the world, the upcoming stimulus checks would be a great help to the market and basically, everything was turning rosy back in March/April?

Today on CNBC, UBS trotted out someone to say that the S&P would gain 25% in the 2nd half of 2008!

Unfortunately, there is little or no penalty for predicting wrong. In fact, from the perspective of Wall Street, whether buyers make or loss money doesn't matter. THEY make money on transaction costs regardless of whether their predictions are right or wrong. Their goal is more transactions, period..

I think Wall Street is getting desperate, so they are putting on a full court press, holding a carrot out (this is the bottom and you don't want to miss it, right?), hoping to motivate some buyers. All the usual suspects will be on board because after all, CNBC and newsletter writers don't make any money if Wall Street cuts back.

By: Anonymous

Anonymous — Mon, 07 Jul 2008 21:18:00 +0000

The trigger for the beginning of the bull in 1982 was Kaufman’s call for the end of rising interest rates. I was celebrating my 1 year anniversary of being a stockbroker and was trying to get clients to buy San Diego G&E bonds with a current yield of 18 5/8% selling at a tiny discount to face value because I sure couldn’t get any of my clients to buy stock in anything. How funny.

By: John Haskell

John Haskell — Mon, 07 Jul 2008 20:39:00 +0000

the trigger was Henry Kaufman coming out bullish on the market

By: Anonymous

Anonymous — Mon, 07 Jul 2008 20:39:00 +0000

Oil-company shares will stay strong but “large swaths of the stock market” will be swamped in an “increasingly stagflationary” environment, CIBC World Markets (TSX:CM) chief strategist Jeff Rubin said Monday.
Rubin reeled in his outlook for the overall market, cutting his year-end forecast for the S&P/TSX composite index by six per cent, to 14,300 from 15,200. The index was at about 13,700 Monday afternoon amid a triple-point loss on the day.
The threat of stagflation – negligible or negative growth while prices surge upward – is tied to the price of energy, Rubin said.
“I think the real threat to the economy is not the subprime mortgage market and the fallout from that,” he said.
“I think the main event for Main Street is $200 (a barrel) oil” – which he predicts will come in 2010 after an average oil price of US$150 per barrel in 2009.

By: Doc Holiday

Doc Holiday — Mon, 07 Jul 2008 20:37:00 +0000

Yah know me, I love beating OT horses:

Re: denying our request to redeem capital stock totaling $8 million…

The FHLB Chicago strives to be a valuable partner to our member financial institutions in Illinois and Wisconsin during all phases of financial and economic cycles.

The Federal Home Loan Bank of Chicago will discontinue purchasing mortgage loans under the MPF Program effective July 31, 2008 and currently is no longer offering new or renewed master commitments.

Re: http://www.bizjournals.com/milwaukee/stories/2008/03/24/story1.html
Harris Bank hungry for expansion

Acquiring one of the state’s largest banks in Associated — rather than a series of small community banks — would be a quick way for Harris Bank to grow in Wisconsin, said John Kielich, managing director of Kolb & Co. Corporate Finance in Brookfield. Harris has about $41 billion in U.S. assets and $21 billion in market capitalization.

Re: Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada’s fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). It also has substantial operations in the Chicago area and elsewhere in the United States, where it uses the Harris name. Bank of Montreal was founded in 1817, making it Canada’s oldest bank. It operates under the corporate brand BMO Financial Group

I’m sure you hate this, but…. just curious

By: eh

eh — Mon, 07 Jul 2008 20:30:00 +0000

It’s true that shorts are their own worst enemies.