Doom and Gloom goes mainstream as Wall Street permabull warns of US collapse.
[CNBC video embed sucks. Please scroll down.]
h/t: Zero Hedge
Mark Haines: Peter, [the stock market has] had a nice little lift here. Does it continue?
Peter Costa: No.
Haines: No?
Costa: No. Nope. Nope. Nope. I'm not drinkin' the Kool-Aide. I don't believe in it. I think the market is way ahead of itself and if I were a bettin' man, I'd be selling into these rallies any chance I got.
Haines: Really?
Costa: Yep. Because I think the recovery's still a long way off. I think we still have a lot of things to go through. You have unemployment. You have the US government that's going to be totally bankrupt in a year and a half when they have to pay all these bills. Things are not looking all that great for me.
[Now there's an understatement! I wonder how many friends they'll have to hear it from before the sheeple awaken...]
Jean Luc Cornec's - telephone sheep - in the Frankfurt Museum of Communications
0 comments:
Post a Comment