Monday, November 23, 2009

Let's look at SocGen's pimp piece last week

Remember that? How we all need to hide in a bunker? Because the world is going to hell, while gold goes to $6300?

And we have a worldwide economic collapse? Go ahead, read believe and get scared. And then I'll ask just one simple question.

22756491 SocGen Worst Case Debt Scenario                                                                                                                                              

Here below---- isn't this SocGen's research from June?  And what does that say? Come on--it's on the first page!

...I've been pondering what could drive the market higher. Jeremy Grantham provides some answers in his latest missive to clients. He argues "that the greatest monetary and fiscal stimulus by far in US history" coupled with a s"super colossal dose of moral hazard" could generate a stock market rally "far in excess of anything justified by ...economic fundamentals."

18674089 Forever Blowing Bubbles                                                                                                                                              

I got news for you folks. This is happening right before your eyes!

Now when we hit new all time highs on the market, SocGen will trot out this research proving they were prescient!!

Debt bubble be damned!

Because then they'll be pimping what's working!

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