Nov

22

Investment bank predicts 1100 S&P (news item ).

 1. It used to be with the dignified female fundamentalist who issued her forecasts invariably upon very bullish technical occasions like 100 day minimums, that she would come up with some folderol after a huge decline, and pretend that the fundamentals were bullish as she issued her bullish forecast.

But now the bank apparently wishes to panic its customers and have them sell into panics. They predict a 10% decline if no further service revenues are preferred. The reason for their reason to reason that further reasoning at the hill to accept a compromise with reasonable service increases seems unreasonable to this non flexion.

2. Could the "bank" predicting a 10% decline be doing this to curry favor with the flexions and cronies, or do they dare to blind side the base so that they can take the position, or do they already have that position and wish to hype it like the upside down man, or do they really believe a 10% decline is in order?

Russell Sears responds:

Could it be the bankers signal to their masters in central planning what the bankers predict will happen if the central planners most recent proposals are adopted or in this case no new compromise proposal comes to be? Or could this be a second order deception, where they imply to the markets they are against such ill conceived planning, but secretively have already front run the public and hope, as they have been lead to believe by the central planners, that no deficit reduction compromise will be reached.


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