Bearish BofA/Merrill Analyst Turns Bullish: ‘It’s Too Late to Be Bearish’

Ajay Kapur, Head of Asia-Pacific strategy at BofA/Merrill, blessed with a glorious mane, has declared ‘it’s too late to be bearish.’ Silly fools, the time for bearish calls on Asian equities was five years ago, said Ajay. All of the naysayers make for great philosophers, espousing a lexicon of bad news events that loom, imminently. Following several martinis, discussing policy amongst a room of pseudo-intellectuals, Ajay is more than capable of holding his own, rather matter of factly dismissing the folly of both the booze hound and morosophically demented.

Ajay Kapur has been bouncing around Wall Street like a molotov cocktail, these past few years. He’s been at Deutsche Bank, Citi and of course Morgan Stanley, just to name a few. In this very candid, and quite eloquent interview, Lord Kapur graced the Bloomberg audience with a head of hair fit for a king, black as night and long and flowing like a tumultuous Bay of Bengal high tide.

Very succinctly, as a chief representative of BofA/Merrill Asia, Mr. Ajay Kapur III chides those who believe there are any risks to equities, especially in China. A meridian of splendour and luxuriate gains await those able to remove themselves from the onion patch and into the Shanghai 50 Composite. The doom and gloomers, who Ajay claim have been wrong about Japan for many, many decades, in spite of the fact that that the NIKKEI hit a record high in 1989 and has gone down ever since then, shall commiserate with one another–cast out as the ‘family idiot’ and dispatched into the sea, indelibly, a loser. These small, yet trivial, facts are a great annoyance to Sir Kapur. His avocation and occupation is ‘to make money’, in addition to mollycoddling the masses into a sweeping stupor, just prior to a ceaseless bedevilment of the markets– an absolute and primordial desert storm that will lead to ‘his clients’ extinction from the field of play.

Henceforth, buy stocks!