Posted on 03/18/2013 2:49:14 PM PDT by blam
MEREDITH WHITNEY: I Have Not Been This Bullish On The US And Equities In My Career
Linette Lopez
March 18, 2013
Meredith Whitney was just on CNBC's Closing Bell with Maria Bartiromo and the normally skeptical bank analyst came out as a super-bull for the U.S. economy and equities.
"Would you put new money to work in this market right here?" Bartiromo asked her.
"Yes, absolutely," said Whitney. "I have not been this constructive and bullish on US equities in my career."
Whitney discussed two specific financial stocks that she really liked. First she mentioned Bank of America saying that it came out of last week's Fed stress tests looking better than any other bank on the Street.
This is partly because the bank started cutting costs back in 2010 before any other Wall Street bank, said Whitney. The stock has "value, catalyst, and momentum" and she expects it to shoot up another 15% in the coming months.
"This is not sexy stuff... it's all cost cutting it's all operational," she said.
What is sexy in Whitney's opinion is Discover. She called it a "true growth stock."
The credit card company is picking up business that Wall Street banks have had to leave behind because of regulation, Whitney said.
So there you have it, the analyst known best for her bearish calls on Citi and municipal bonds is now a bull for Uncle Sam.
(Excerpt) Read more at businessinsider.com ...
I always forget which is which, the bull and the bear. Just like I forget which party is blue and which red. Because it doesn’t matter all that much.
the old pump and dump?
All you need to know about Whitney is summed up by this ass kicking she received.
http://video.cnbc.com/gallery/?video=3000038414
Exactly. All these “Stock experts” just say whatever it takes to remain relevant. We know what fiat currency is!
That dope really went over to the dark side. Started some time ago after she made a complete ass of herself on muni predictions.
Looks like the word "Bullish" needs the 'i' moved to the end, and adding a 't' to it.
Just remember that bulls go up the stairs, but bears go out the window.
Let’s see...
The Federal government is spending about $100 billion a month more than its taking in and the Federal reserve is printing an additional $80 billion or so a month pouring cash into the stock market via the banks.
Ya, that’s all normal economic “activity” driven by productivity...
Or not...
I call BS.
Run. It’s a trap, called pump and dump
Meredith Whitney -
You Lie.
Rgds,
Sarah
She’s the woman who said there’s be all sorts of municipal defaults after the 2008 crash. Couldn’t have been more wrong. Sure there were some, but nothing to the levels she suggested. She may be right here, but I’ll take my advice from someone other than the Dick Morris of financial predictions.
The house of cards is somewhat teetering and they're working overtime at spewing the BULL$HIT necessary to keep the old show going.
Keep your distance because eventually the commode full of $hit is gonna EXPLODE.
feh...
standard maneuver ... get all the jesters out to sing the same tune, regardless of its connection with reality
yes... things will increase in price, including the market, as they continue to devalue the dollar.
This is the same dodo bird that told people to sell their municipal bonds and those who listened to her were the losers.
Meredith Whitney Blew a Call—And Then Some - WSJ.comonline.wsj.com/
by David Weidner Sep 27, 2012 – Meredith Whitney, founder and chief executive officer of Meredith Whitney ... The $3.7 trillion municipal-bond market is enjoying one of the most ...
So there you have it, the analyst known best for her bearish calls on Citi and municipal bonds is now a bull for Uncle Sam.
When CNBC can only find this whore to tout the bull market, then it is the end of the market as we know it.
Don’t Bogart that joint Whitney. Pass it on over to us.
Yeah, but do they?
To generations of the increasingly-uninformed, fiat currency is the only currency. So it's, well, just currency.
If they even hear about proposals to return to, say, gold-backed money, all they can imagine are gold doubloons and the silver dollars Grandpa kept tucked away in a small felt bag and showed them when they were four years old.
Some probably think fiat currency has something to do with a car from Italy and are really confused.
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