This is some insane shit. BofA/Merrill is calling for a 15% drop this summer. The rationale is a logical one: DON’T FUCKING TIGHTEN CREDIT INTO THE TEETH OF AN EARNINGS RECESSION. Moreover, they cite tightening credit conditions and a market at historically rich valuations, as a reason to fear the Fed.
Naturally, I agree, whole heartedly, with this call. It has always been a childhood dream of mine to preside over a stock market calamity, whilst in treasuries and laughing at defenseless people NOT on the ark. In my wildest dreams, I imagined myself to be a great captain at the helm of such an ark, ordering the zebras below to eat any persons who dared to climb aboard the vessel uninvited.
Her call is for SPY 2,000, in short order.
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Welcome, Devil Dog from BofA/Merrill. Here is a fleece vest for you to wear.
I laugh every time you hand out fleece vests.
Kind of hot wearing that in the summer, but that’s what Devil Dogs wear.
Well, either that or a brown suit with an orange tie.
https://www.youtube.com/watch?v=8A3bfmhivTI
Stupid, but then Merrill does front for a lot of dumb money. They probably got the call to “take one for the team,” (i.e., “get us out of our short positions, they are sweaty”).
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Yet whoever that -anointed-one- who is controlling the indexes is -overly-zealously- making sure the final print 1. remains high 2. goes higher or 3. severely cuts losses the last several sessions.
When the normal, healthy, standard trend or development, bolstered by and in the context of calls and observations for soft-to-weak-to-troubled market ahead, would be mild weakness (the kind unable to hover near all time highs) at the very least
Is why you’re all being so fooled. The force being used to keep the indexes advancing is too eager in conjunction with the declining ‘negative’ forecasts. To be there for ‘your benefit and prospects’
You’re all being played like gutter rabid sick sock puppets. Showtime will get his POW-WER
God I love gals talking about stock market crashes. It’s so sexy and alluring.