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