Wall Street: May 2010 Archives

While today was an insane day on Wall Street with no one seeming to know anything about why there was so much volatility (Crisis in Greece, Banking Reform, etc.), there was one person who knew all along what would happen.  If we would have just listened to her years ago, all of today's anxiety could have been prevented. 

That person?  Meredith Whitney. 

The brilliant Nostrodamus of Wall Street knew years ago this would happen (as evidenced by the dated quote on today's stock chart). 

Now, I've been pretty tough on Ms. Whitney over the past few months (i.e., here and here) - but this is undeniable proof that she really does know what she's talking about and we're all idiots for doubting her. 

From now on, whatever she says - no matter how ridiculous -should be writ in stone.

Jill Kennedy - OnMedea