Friday, November 13, 2009
Research gets more bullish
Did anyone get the latest call from Doug Kass?
Since he always says he says something different that what he says, here is what he said yesterday--on Bull Market or BS on Fast Money:
But the bulls are coming out!
Yesterday, I flipped WYNN and DIS after I picked them up two weeks ago at 27ish and 55. I bought them for trades, so I treated them as such. But Deutsche Bank came out and touted these as investments. Heck they should--but they just missed some easy free money.
Deutsche Bank upped their target on DIS to 39, and put a buy on WYNN with a target of 80. And in retail land, JWN's target is now 45! And speaking of retail, ANF is up 2 1/2 smackers after earnings after being touted here Monday, after Barron's touted it down the week before.
I guess on Wall Street they don't follow the adage of "getting what you pay for!"
And that's another risk that those bearish or short will have to contend with. Already Wall Street (ie Goldman Sachs) has been touting the next stimulus from Washington, and now 2010 numbers for estimates are too low, so the growing chorus of the voices from the bulls will get louder.
And that's where Wall Street's BS is really landing. On the taxpayer!
But the bulls are making themselves heard in research.
And the herd is running with it!
And running away from those with the "variant" viewpoint personified by Dougie!
Trading Focus Nov 13, 09 SA
Posted by Palmoni at 10:56 AM
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thanks for always being so generous to post reports, provide insight and responding.
hey thanks so many people in stocks don't want the information--they just want the "story"
But sometimes you have to have the "waffle house" approach
--Waffle House built their stores perpendicular to the road so they would have less frontage--thus cheaper--and instead of doing demographic planning they just built where other fast food places had decided to build--the planning was already done!
and the average institutional investor needs a reason so if research says something--well they control the money, so their opinion means more than ours
and they move prices
and as much as I bash Wall Street--well most of my friends work there--so they know that I'm not mean spirited--I just get into these rants because these guys are soo out of touch with the average Joe
probably because I've eaten at too many Waffle Houses on the way to football games
I guess that's my agenda with this blog--I try and narrow the advantage Wall Street has over the average investor
because I never understood how Wall Street--with all their access to information--could come up to the hair-brained conclusions that they do
then it dawned on me
they never did the homework! The best and the brightest for the most part, are just sheep!
And maybe that's why they keep trying to pull the wool over the public's eyes!
were you always trading at home for your occupation?
I was trading from pay phones in the 80's!
It seems to me that everybody forgets what a luxury it is to have the ability to trade---and maybe that's why Wall Street has developed the algos..they still want to step in between someone else's order!
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