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BofA Merrill Lynch tells clients, "recession is over"

Started by ericho75
about 17 years ago
Posts: 1743
Member since: Feb 2009
Discussion about
http://latimesblogs.latimes.com/money_co/2009/07/clients-of-bank-of-america-merrill-lynch-yes-that-mouthful-is-the-brokerages-official-name-now-shouldnt-have-any-doubt-w.html ""The recession is over" Merrill declared in a report Tuesday authored by Michael Hartnett, chief global equity strategist. The brokerage’s famed horned mascot is snorting again: "We are bullish on global equities," Hartnett says in the report."
Response by columbiacounty
about 17 years ago
Posts: 12708
Member since: Jan 2009

this is hilarious. kind of like when stan o'neal said we have no exposure to toxic assets. ha, ha.

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Response by ericho75
about 17 years ago
Posts: 1743
Member since: Feb 2009

Hey, this is the chief global equity strategist talking.
Give the guy some credit for sticking his neck out. If he's wrong, you can flame away. I thought you would had learned a thing or 2 about calling people out before seeing the results. Let's be open minded and give him some time.

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Response by anonymous
about 17 years ago

Just like Dick Bove called banks a "Generational Low" at the end of 2008....yet he is still out there flapping his gums to the point that CNBC.com even makes fun of him (classic Faber)...

And yet he still has a job because there is no accountability with these guys....

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Response by bronxboy
about 17 years ago
Posts: 446
Member since: Feb 2009

Oh, if it were only true. Hard times ahead. . .especially for NYC real estate which will sink to record lows. But we will bounce back around 2013.

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