Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Morgan Stanley Says S&P 500 to Drop 25%, Cuts Outlook
Old 03-14-2009, 11:38 AM   #1
Recycles dryer sheets
 
Join Date: May 2005
Location: Newport Beach
Posts: 122
Morgan Stanley Says S&P 500 to Drop 25%, Cuts Outlook

My favorite part of the article:

Wall Street equity strategists lost credibility last year when none predicted a down year and the average forecast was for a gain of 11 percent, according to data compiled by Bloomberg. The stock index plunged 38 percent, the steepest decline since the Great Depression.

Morgan Stanley Says S&P 500 to Drop 25%, Cuts Outlook (Update1) - Bloomberg.com

Are we supposed to care what these people predict??
__________________

__________________
newporttony is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-14-2009, 11:40 AM   #2
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Stock analysts are notorious for closing barn doors after the horses have escaped. This can be seen by the number of times they downgrade a stock AFTER terrible news or earnings have slashed a stock in half. If I pay these clowns all that money to manage mine, I'd like them to see train wrecks coming before the actual collision.
__________________

__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 03-14-2009, 11:55 AM   #3
Full time employment: Posting here.
 
Join Date: Jul 2007
Location: ST LOUIS
Posts: 993
I believe -25% S&P 500 maybe even more.
__________________
rec7 is offline   Reply With Quote
Old 03-14-2009, 11:55 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
 
Join Date: Sep 2005
Posts: 5,381
Quote:
Originally Posted by newporttony View Post
Are we supposed to care what these people predict??
No.

The idiocy of the prediction is self evident:

Quote:
Should the S&P 500 follow Todd’s forecast, the index would tumble [25%] to 560 and then surge 47 percent to finish 2009 at 825.

Sounds like he wants to be at least half right regardless of what happens.
__________________
Gone4Good is offline   Reply With Quote
Old 03-14-2009, 11:56 AM   #5
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by . . . Yrs to Go View Post
The idiocy of the prediction is self evident:

Sounds like he wants to be at least half right regardless of what happens.
Good catch. Either way he could say that he was right but only missed on the timing.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 03-14-2009, 01:22 PM   #6
Recycles dryer sheets
ikubak's Avatar
 
Join Date: Dec 2007
Posts: 389
Wow, so it's going to go DOWN and it's going to go UP. As you say, he'll get the call right no matter what. He just may miss the timing.
__________________
Retire date Jan. 5, 2018
ikubak is offline   Reply With Quote
Old 03-14-2009, 09:35 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,434
Who gives as rats a$$ what these jokers think anymore. Maybe this is a positive sign.
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 03-14-2009, 09:43 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,584
Quote:
Originally Posted by newporttony View Post
Are we supposed to care what these people predict??
Only if they have a good prediction on who will win American Idol. Otherwise, no way.
__________________
I purr therefore I am.
Purron is offline   Reply With Quote
Old 03-14-2009, 11:07 PM   #9
Full time employment: Posting here.
Darryl's Avatar
 
Join Date: Mar 2007
Posts: 577
Wow, thanks for the info. I'm on it.
__________________
I highjacked a rainbow and crashed into a pot of gold - Bon Jovi
Darryl is offline   Reply With Quote
Old 03-14-2009, 11:15 PM   #10
Recycles dryer sheets
 
Join Date: Jan 2009
Posts: 155
Quote:
Originally Posted by ziggy29 View Post
Good catch. Either way he could say that he was right but only missed on the timing.
I thought timing was everything.
__________________
landonew is offline   Reply With Quote
Old 03-15-2009, 09:57 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Feb 2006
Posts: 1,183
Perhaps they know there is another big pile o' crap under the proverbial MS sheets and they are sure all the other Wall Street beds are the same?

Good enough reason to tread lightly in financials this year.
__________________

__________________
crazy connie is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Portfolio w/ S&P 500 ferco FIRE and Money 3 11-11-2008 12:52 AM
Vanguard Lifestyle Funds vs. Morgan Stanley scubamonkey FIRE and Money 3 08-14-2007 04:58 PM
S & O 500 and dividends Cadence FIRECalc support 1 04-18-2007 09:22 PM
US Savings Bonds V S&P 500 burch64 FIRE and Money 17 09-28-2006 11:22 PM
S&P 500 Down 72% ?? grumpy FIRE and Money 5 12-23-2004 03:25 AM

 

 
All times are GMT -6. The time now is 08:07 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.