Meredith Whitney Is Wrong
Meredith Whitney has been right in the past. Meredith Whitney has been wrong in the past.
Meredith Whitney will be right about some things in the future.
And Meredith Whitney will be very wrong about some things the future.
The point?
Meredith Whitney doesn't know shit about the future. Meredith Whitney doesn't know shit about what the world will be like in the future. David Blaine doesn't know what the world will be like in the future. Or Uri Geller or Sarah Michelle Gellar. NOBODY knows about the future!
When Meredith Whitney goes on CNBC with the Money Honey (Maria Bartiromo) and throws bombs while yelling fire at a stock market and overall economy that is struggling, what good does it do?
I'm not saying she should pull her punches if she seriously thinks a double-dip recession is inevitable. I'm just saying... she has no idea if a double-dip recession is inevitable. Nobody does. Much like the pundits who say the market is going to 15,000.
I understand Meredith Whitney has to be salacious to back up that rebel, bad girl photo on the front of the website (and above) for her company. "What will that renegade MW say this time? Get ready to sell sell sell!"
But now, Meredith, you are, once again, in the unenviable position of rooting against the American economy - desperately hoping to be right to uphold your "reputation" and secretly wishing the worst so that you can say on CNBC in the spring "Well, I called it last November, Maria." Even though you know... you don't really know.
I don't care about your precious math and underlying fundamentals, Meredith, and all the bullshit numbers you'll throw out to back up whatever you're trying to say - just admit that nobody knows nothing.
Not even a woman with a zebra on her wall.
Jill Kennedy - OnMedea0 TrackBacks
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About Jill Kennedy
Jill Kennedy is an Ivy League MBA / refugee from Lehman Brothers.
Manka Bros. (and the Manka Business Channel) hired her (for a very low sum) to cover the world of media (not the world of Medea) in her own words without corporate inteference.
About Medea
Medea was a real bitch from classical mythology - as most famously dramatized by Euripides.
She was a sorceress and wife of Jason, whom she assisted in obtaining the Golden Fleece. When Jason deserted her, she chopped up their children. One could say, Medea acted as rationally as a major media company.
Tips, Scoops and Smoking Guns
she was saying 'sell sell sell' in March before the current 4,000 point run up. She's just throwing darts just like anybody else. But she has a better publicist.
I have no idea what's going on in the stock market or the economy. People react to any news at all and there is nothing but economic news. As soon as there is a good report there is another bad one offset it. I don't know how anyone could invest in a media company.
she's posing like you, Jill.
She's definitely one of the hotter business analysts out there. Way more hot than Jessica Reif Cohen.
Technical analysis works too.
I use it to identify trends which can also tell us where the economy is headed.
My long term USD indicator has been giving BULLISH warnings for some time and I am expecting a USD rally.
My indicators can identify trend changes before they occur.
They warned me of an impending market crash back in early *2007*
The VIX continues to give bullish warnings as well.
I post my analysis at this forum:
http://www.zerohedge.com/forum/market-outlook-0
Greatings, ,
Bottomless
I totally agree with you, Jill! Only time will tell if Meredth Whitney is right or wrong, but I would put my momey on America like Buffett. This is not the first recession and it won't be the last one either. Those that try to time the market by listening to her will have to be right twice. Given the record profits on Wallstreet and the deleveraging of the economy, this doesn't support her bearish call.
I agree with Molly Glover. Meredith Whitney had a chance to predict the financial market recovery in March. She said she knew where the bottom was, and it wasn't there yet. If you followed her advice then, you would have missed one of the best market rebounds in decades. Now she claims the market will double dip? I would say do the opposite of what she advises and make some money. Eventually, she will guess correctly again, perhaps right before the next recession.