Morgan Stanley Says Sell Best S&P 500 Rally Since ’38

[[Proximo]]

Whenever those SOB's say something I think the opposite.

Unless they already have position on aka oil/GS/150 in which case I back off and wait for the blow off top/bottom whatever the case may be.

Quote from piezoe:

apparently Morgan Stanley, Goldman, and ilk are buying. Why else would they have recommended everyone sell?

 

[stock_trad3r]

Quote from theDudeAbides:

. Looking at the big picture, what has really changed?

Agree. That's what I've been saying since 2007..nothing changed at all regarding the fundamentals of the US economy between June 2007 and now.

 

[theDudeAbides]

Quote from stock_trad3r:

Agree. That's what I've been saying since 2007..nothing changed at all regarding the fundamentals of the US economy between June 2007 and now.

A long overdue add to my ignore list. Step away from your paper trading account and talk to some business owners over the long weekend.

 

[ASusilovic]

Just a reminder !

 

[nitro]

Quote from ASusilovic:


...

Todd said investors should consider “collaring” their positions by selling call options and buying puts on the S&P 500, ...

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZ6I80AP7Hu4

You do realize this is a conversion, right? While it has not been as correct as leaving longs on (and that depends on what the longs you have on), it could have easily worked out, depending on what they had on.

 

[nitro]

Quote from nitro:

You do realize this is a conversion, right? While it has not been as correct as leaving longs on (and that depends on what the longs you have on), it could have easily worked out, depending on what they had on.

OOOops oops, SP500. Nevermind. I thought they were talking equities.

 

[TraderZones]

Quote from theDudeAbides:

A long overdue add to my ignore list. Step away from your paper trading account and talk to some business owners over the long weekend.

aack! I had trad3r on ignore before. What in the world makes him think none of the USA fundamentals changed since June 2007?

Has he not even picked up a single paper and see 600,000+ jobs lost a month, $8 trillion worth of stock market equity destroyed, housing prices dropping drastically? Car sales going from 16 million+ to 10 million annually? Banks and financial institutions like Bear, Lehman, AIG, Citibank and many others going under ro on life support??????????????????????????

 

[TraderGreg]

Quote from college_trad3r:

Are these the same people that called for $300 oil?

Haha here's someone who knows what they're talking about.

I'll short the rally if I get a signal. Otherwise, I won't.

Trust people less, learn to trade better.

 

[Landis82]

Quote from ASusilovic:

March 30 (Bloomberg) -- Investors should sell U.S. stocks following the steepest rally since the 1930s because earnings are likely to keep weakening, according to Morgan Stanley.

“We cannot see large upside for the S&P 500 above the 825- 850 level,” Morgan Stanley U.S. equity strategist Jason Todd wrote in a report yesterday. “In the rush to buy a cyclical recovery, it seems earnings or valuation no longer matters. We would be comfortable with this view if the earnings trough was closer, but it is not.”

I wonder what Jason Todd is saying now, or if he is looking for another job. :eek: