BULL VERSUS BEAR
24 December 2009 by Cullen Roche
1 Comment
The bull:
Jerry Lou, China strategist for Morgan Stanley, talked with Bloomberg’s Zeb Eckert about the outlook for Chinese stocks and the potential for a 30% move higher in 2010:
vs the bear:
Philippe Gijsels, a senior structured product strategist at Fortis Global Markets, talks with Bloomberg’s Mark Barton about the outlook for equities, government bonds and the dollar in 2010.
Hi:
My problem with all of this incite is this: Analyst do not get paid for being neutral or bears. Sure, many stocks in China will go up. The high probability of him hitting the best ones, well, who knows? And, what do we really know about Chinese stocks. Warren Buffett made a couple of billion or more in a big Chinese company, that was before he lost almost 60 billion in Berkshire Hathaway stock value. When things are going up, you do not need a guru. What is this Chinese MS analyst going to do, tell you not to buy Chinese stocks. You are better off doing your own homework. I bought the “American” Ford at $2, when the whole world was dissing it, selling it, trashing it, and then it went up. That is how you make money in stocks. When they come running down the hill,scared, frightened, in a sense of hopelessness you have to look around at value to come; you have to get your M-4 out and pick them off. There is absolutely no other way to make money in stocks. And, listning to a Morgan Chinese smoke oil man, well…
Emil Lawrence MBA
660 Westfield Road
Unit 281
SF CA 94128