Wall Street Manna

An irreverent look at Wall Street

Sunday, August 16, 2009

What about Bob's bearish call?

At these levels, it might be worth 2.5% to the downside.

His targets are absolutely ridiculous, but it'll probably weigh on the markets.

8 Comments:

At August 16, 2009 at 11:36 PM , Anonymous Anonymous said...

I haven't even heard of Bob... why would the market even give him anything?

If I publish something and say the market is going to 36,000 would the market give me a pop for a day?

 
At August 17, 2009 at 1:22 AM , Blogger Palmoni said...

I know its crazy but Bob Janjuah of RBS made a bearish call on the market I think on May 12, and the SPY fell 2.5% the next day.

He did his bearish thing this weekend again--and it will probably knock down Europe first.

I'm not saying its right, but I'm saying there is a fair chance that it could happen.

 
At August 17, 2009 at 8:41 AM , Anonymous Anonymous said...

but he can not be right cause Palmoni said that at worst the SP will go to 999 and then rally again until end of times. Stupid Bob, he needs to read Palmoni and incorporate Palmoni's thinking into his analysis.

 
At August 17, 2009 at 9:26 AM , Anonymous Anonymous said...

Man the Asian markets got killed. I knew doubling in 3 months wasn't right, hah!

Mr. Bob was right! You think when these people make bearish calls, they have the help of some firms to push down the markets for the day to gain some credibility?

 
At August 17, 2009 at 9:41 AM , Anonymous Anonymous said...

The bears are giddy this morning.... thinking this might be the beginning of the NEXT LEG or WAVE C, or whatever they call it...

 
At August 17, 2009 at 10:30 AM , Blogger Palmoni said...

China looks toppy as hell--and most people really don't believe the "improving" fundamentals--they think it's just the Government in China juicing figures, just as things are also being juiced here.

The bears are giddy because we are at 980 even though we saw the same giddyness at 870

 
At August 17, 2009 at 4:27 PM , Anonymous Anonymous said...

hot rod between bulls chicks... psssst....

 
At August 17, 2009 at 6:09 PM , Anonymous Anonymous said...

Palmoni, are we rolling over today?

 

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