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| 7/10 |
| 2008/12/3-9 [Finance/Investment] UID:52156 Activity:nil |
12/3 Another chief investment strategist says bottom is IN!
UBS analyst says S&P may rally to 1,300 by end of 2009!
omfg I'm gonna be *RICH*!
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0pWrGKepx1g
http://www.rttnews.com/ArticleView.aspx?Id=792104
\_ Everytime I listen to some "expert" I get screwed. Lately,
I've been doing the opposite and have been doing marvolously.
Don't listen to the experts man. Do the opposite. -week trader
\_ I made 50% this week even with a slightly down day today.
Pretty easy when we keep bouncing off of the same lows in a
range. When financials tanked on Monday I doubled my
position in them (I had bought into Citibank last week). Life is
good. It will suck when the markets stabilize and I will have
to convince myself that a 12% up year was "good". I can make
that in a good day right now. Why wait for 2009? The worst
thing for the stock market is for it to stay flat, which
thing for the stock market is for it to stay flat, which I
is what I think will happen when things settle down after
the "big buy back in" that the scared money will do once almost
the "big back buy in" that the scared money will do once almost
all the big gains have already been made. "You make most of
your money in a bear market -- you just don't know it at the
time." I am now 88% in equities, holding 12% cash to buy on
more dips, although I have no problem trading out for a profit
and waiting for a lower re-entry point. I'm also waiting for
oil stocks to dip some more before going in there. Almost there,
but not quite yet. I think it will take some (negative) earnings
reports to scare the prices down more. People are still too
bullish on oil.
\_ You are just playing the roulette table now. Good to be
in the market though, your biggest risk is missing out
on a big week.
\_ Except this roulette table is guaranteed by the Fed.
Up another 6% today. It's good to have skeptics like
you, though. When everyone is bullish it will be time
to sell. |
| 7/10 |
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| www.bloomberg.com/apps/news?pid=newsarchive&sid=a0pWrGKepx1g Global stocks will withstand a "full-blown" recession and surge in 2009 as cheap valuations and efforts by governments to restore confidence in the financial system lure investors back to equities, UBS AG said. The New York-based strategist, who a year ago predicted a 2008 advance of 16 percent for the S&P 500, is now forecasting a gain that would exceed the index's best annual performance on record. FTSEurofirst 300 Index may climb 25 percent from current levels, Zurich-based UBS said in separate notes. "The consensus outlook for 2009 is a full year of gloom," Bianco, 33, wrote in his 2009 market outlook. "We believe 2009 will bring signs of a dawn in confidence with the first faint light appearing earlier than most investors expect." UBS, Switzerland's largest bank, is more bullish on stocks than some of its Wall Street rivals. Tobias Levkovich last month cut his 2009 forecast for the S&P 500 to 1,000 from 1,300. New York-based Morgan Stanley said this week that European stocks are likely to be little changed in 2009. Citigroup, Fed The S&P 500 climbed 13 percent from an 11-year low on Nov. Citigroup from further losses and the Federal Reserve stepped up efforts to unfreeze credit markets. This year's slump gives investors a chance to buy the biggest "growth" stocks in the S&P 500 at "deep discounts to intrinsic value," according to Bianco, who recommends energy, technology and industrial shares. The benchmark for American equities is heading for its worst annual performance since 1931, while the MSCI World Index has dropped 47 percent after almost $1 trillion in financial- company losses and writedowns froze credit markets and pushed the US, Europe and Japan into recessions. European per-share earnings will still tumble 25 percent as the euro-zone economy contracts 09 percent, they said. Is Horrible' "The macroeconomic and corporate profit outlook for 2009 is horrible," Nelson's team wrote. "But share prices have moved well ahead of this and are now pricing in a multiyear recession/depression." Latin American indexes will also rise in 2009, led by Brazil, UBS said in a separate report. Energetica de Minas Gerais, Brazil's biggest combined electricity generator and distributor, and Mexico City-based America Movil SAB, Latin America's largest mobile-phone company. |
| www.rttnews.com/ArticleView.aspx?Id=792104 Citigroup reportedly fires Asian real estate investment banking employees - Quick Facts Trading Center (RTTNews) - In an interview with RTT News, Ron Kiddoo, chief investment officer at Cozad Asset Management discusses the market's early losses on Wednesday, which were eventually reversed. However, Kiddoo predicts we will be in a volatile "market range" until we start to see some positive numbers, weakening the chances of a Santa Claus rally. In addition, Kiddoo discusses the chances of a Big Three rescue and says "when the final bell rings, the automakers will be bailed out." |