Monday, September 28, 2015

Quote of the Day

September 28, 2015
One strategist admits he was wrong about oil stocks and thinks this admission could make him wrong again

"Firstly, we are downgrading energy from overweight to market-weight," Parker writes. "We made a really bad call by going overweight energy at the beginning of this year... We are clearly burned by our wrong overweight, and worry that this downgrade could be the beginning of an energy rally."

This is the very same strategist from Morgan Stanley who just told us that all we think we know is wrong.

It's official. Today is Opposite Day, lol. Sigh.


Mr Slippery said...

All of the investment banks should have been destroyed in 2008 along with all of the asswipes that work there.

Stagflationary Mark said...

Mr Slippery,

It's cathartic to say asswipes at least once a year. It's like cardio, only better.

Unfortunately, when the $#%t hits the fan again, it will be the taxpayers who have to do the asswiping again. Cleaning up after their mess is why we're here apparently. Sigh.

Toddlers, puppies, investment bankers. Whatcha gonna do?