Zero Hedge - Latest Comments in Merrill Gruntled, Believes Markets Combobulated

Re: Merrill Gruntled, Believes Markets Combobulated

SteveC_MCL — Wed, 15 Jul 2009 03:23:08 -0000

Of all the people wo own homees, if you subtract those who have the no mortgages the fllowing are the facts:

If the housing mkt declines another 15%, and it will, then the net worth of homes with mortgages on them will be a BIG FAT ZERO to the homeowner.

We have everything here ready for a suddden collapse like the 55% one in 4 months in 1932 and we have a buhc of thieves at the helm like ken lay. They are all telling you its fine and going to be okay as thery pump out their own stock. I'm sure GS will be short when the collapse comes, which could be tomorrow. Chinaa could be by the midddle of next week!

Steve

Re: Merrill Gruntled, Believes Markets Combobulated

not a maven — Tue, 14 Jul 2009 08:03:23 -0000

Ratelab is a farce...they make a ton of reccommendations and then cherry pick afterwards to showcase only the ones that worked...their batting avg is well below 50

Re: Merrill Gruntled, Believes Markets Combobulated

Tyler Durden — Tue, 14 Jul 2009 01:04:18 -0000

10: Do you know the difference between debt and equity? If answer Yes, then
go to 20:, if No, feel free to figure out the difference at your own pace.
20: Is the global corporate debt level currently satisfied by corporate cash
flows (not talking liquidation - merely impairment)? If No go to 30; if Yes
- Ben Bernanke would love to have you join the spin team.
30: Equities as a class are worthless.

Re: Merrill Gruntled, Believes Markets Combobulated

sdbri — Mon, 13 Jul 2009 20:44:35 -0000

You do realize that in order for the S&P to be priced at zero, all 500 companies would have to be worthless? Not just "zero earnings" but actually massively negative earnings that precludes even liquidation. All 500, not a single exception. If you knew the first thing about securities, you'd know that this assertion is only slightly less absurd as saying the S&P will be negative or that the GDP will be zero.

Even Zimbabwe doesn't have a GDP of zero, and as long as there is a single person alive there, it never will. The same is true of if a single S&P company has a positive net worth.

I don't have an opinion on anything else you've posted, I just wanted to clarify a ridiculous assertion.

Re: Merrill Gruntled, Believes Markets Combobulated

GBT — Mon, 13 Jul 2009 11:54:36 -0000

This is the second time she's pulled this stunt. Complete reversal of her previous position before the market open. Could result in credibility issues and cause people to fade her next rec. People have long memories when it comes to shit like this.

Re: Merrill Gruntled, Believes Markets Combobulated

vol-trader — Mon, 13 Jul 2009 11:52:09 -0000

very true, see my post below

Re: Merrill Gruntled, Believes Markets Combobulated

vol-trader — Mon, 13 Jul 2009 11:51:25 -0000

Rate Lab is usually a pretty good read. They called the low in vol back in the summer of 06, and they usually have some good MBS analysis. The conventional wisdom being passed around the street is that you sell rips in vol in a QE environment. Look at the decline in vol in Japan over the past 15 years for instance. I am curious, therefore, to hear more about the long vol trades BAC is putting on that you allude to.

Re: Merrill Gruntled, Believes Markets Combobulated

Tripps — Mon, 13 Jul 2009 09:23:44 -0000

told you folks..if you're short financials this morning you didn't heed my advice and now you're screwed by Meredith. not a bad thing i guess - LOL

Re: Merrill Gruntled, Believes Markets Combobulated

Gordon_Gekko — Mon, 13 Jul 2009 08:08:58 -0000

Thanks for providing this link, ghostface. It's a great site.

Re: Merrill Gruntled, Believes Markets Combobulated

Wynn — Mon, 13 Jul 2009 07:35:29 -0000

This is America - 2009
http://www.nowpublic.com/te...

The Great Depression II has begun

Re: Merrill Gruntled, Believes Markets Combobulated

MobBarley — Mon, 13 Jul 2009 05:08:05 -0000

Very easy to realize that that 'reality' is horseshit.

Does the gubment pay you to go around 'debunking' ala 911?

Where is this real buying demand going to come from? Mars?

Re: Merrill Gruntled, Believes Markets Combobulated

Icarus — Mon, 13 Jul 2009 04:06:40 -0000

You touched on the major point: Excel is used to make the majority of business decisions and, as this article confirms, most economical analysis as well.

Why would we NOT use first order approximations plugged into Excel? Then how WOULD we make our graphs?

Re: Merrill Gruntled, Believes Markets Combobulated

Icarus — Mon, 13 Jul 2009 03:53:36 -0000

No, as consumption decreases -> imports decrease -> GDP goes up.

It would be different if the US actually produced/manufactured what they consumed, but they don't - it's all imports.

As long as imports decline faster than exports, the GDP will continue to appear to be "stable".

Re: Merrill Gruntled, Believes Markets Combobulated

buygold — Mon, 13 Jul 2009 00:31:51 -0000

Looking for comments and opinions.

Correction or Blood on the Streets?

Re: Merrill Gruntled, Believes Markets Combobulated

ghostfaceinvestah — Mon, 13 Jul 2009 00:10:04 -0000

This is a great site.

http://newsfrom1930.blogspo...

From Sat July 12, 1930:

"Recent rally continued in morning hours; new highs on current rally by US Steel, American Can, Consolidated Gas, AT&T, other majors. Rally petered out later in session on profit-taking. Market also came under pressure from commodity news: wheat plunged to new post-1914 low below 86 cents/bushel, cotton off sharply. Volume turned lower on the decline, many stocks trading in a narrow range. Construction stocks under particular pressure. Banks and trusts lower.

Conservative observers still cautious, although many now believe market has established resistance level likely to hold.

In spite of current overcapacity in steel (production at 60% of capacity), the industry leaders including US Steel, Bethlehem, etc. are still investing in expansion. “It would be a poor country if the big industrial leaders threw up their hands and quit on every little depression”

Auto industry pessimists should realize that with 27M cars on the road, “replacements alone guarantee a fair rate of activity for the industry.”

Tobey & Kirk surveys large number of bankers and corporate officials throughout the country. Reports current business conditions below normal almost everywhere, but increasing confidence in the immediate future; widespread expectation of early fall upturn."

Re: Merrill Gruntled, Believes Markets Combobulated

texpat — Sun, 12 Jul 2009 23:09:06 -0000

I realize that the GDP/Unemployment law (Okun's Law?) may have broken down, but increasing unemployment will still lead to a diminishing GDP, surely?

I'm pretty surprised that consumption hasn't fallen further.

Re: Merrill Gruntled, Believes Markets Combobulated

Guest — Sun, 12 Jul 2009 23:00:09 -0000

Wow Entourage sooks now.

Don't watch it.

Re: Merrill Gruntled, Believes Markets Combobulated

lizzy36 — Sun, 12 Jul 2009 21:28:06 -0000

From an M.D at a major financial firm on London (sent on friday).

http://ftalphaville.ft.com/...

Re: Merrill Gruntled, Believes Markets Combobulated

dd — Sun, 12 Jul 2009 21:23:17 -0000

Harley's a good guy who has made some spectacular calls over the last few years. You should do your homework better. Rosenberg was wrong for 6yrs before he was finally right and he's your hero.

Re: Merrill Gruntled, Believes Markets Combobulated

lloydwolypod — Sun, 12 Jul 2009 21:17:45 -0000

Cetin

Re: Merrill Gruntled, Believes Markets Combobulated

lloydwolypod — Sun, 12 Jul 2009 21:16:25 -0000

Cetin get off of here!!!

Re: Merrill Gruntled, Believes Markets Combobulated

solfods — Sun, 12 Jul 2009 21:06:19 -0000

S&P monthly RSI turned down in jun and further in Jul so far. The daily RSI is about to breakdown below 50 support. I see a black swan shadow.

good point

hat tip to: http://shor7.com/?ZEUCI short: $GS $AAPl $GOOG $SPX recommended daytrading:: $ES_F $SBUX $BAC $FAS $FAZ $AMZN $POT good luck

Re: Merrill Gruntled, Believes Markets Combobulated

solfods — Sun, 12 Jul 2009 21:05:41 -0000

S&P monthly RSI turned down in jun and further in Jul so far. The daily RSI is about to breakdown below 50 support. I see a black swan shadow.

good point

hat tip to: http://shor7.com/?ZEUCI short: $GS $AAPl $GOOG $SPX recommended daytrading:: $ES_F $SBUX $BAC $FAS $FAZ $AMZN $POT good luck

Re: Merrill Gruntled, Believes Markets Combobulated

KwShinigami — Sun, 12 Jul 2009 20:39:36 -0000

but you forget that the BRICs are thinking of taking their training wheels off... so you are right if you meant some OTHER market soars

Re: Merrill Gruntled, Believes Markets Combobulated

KwShinigami — Sun, 12 Jul 2009 20:36:54 -0000

seriously - if it weren't for the 100% matching i get from my compay i wouldn't bother with 401k - but i do use one method of protection - whenever you see a large run up (like a few weeks ago) then give yourself a loan of half your account. that is the only real way to lock some of your gains.. you pay yourself back and you can invest it any where you want instead of just in the lame options they force you into...

ok now i just caused a run on 401k accounts.... :)