Submitted by Tyler Durden on 05/31/2012
"Expect the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed."
‘It seems that it was only 4 months ago that Albert Edwards was channeling Dante when he advised clients that "All Hope Must Be Crushed For A True Bull Market To Emerge." It would appear that the SocGen strategist still has some bullish friends he wants to lose because he just released the follow up.
"As 30y German Bund yields slide below 2% and rapidly converge
towards Japanese rates, we have a taster of what is to come in the US and UK in
the months ahead. We still see
have long said that excess "hope" remained a major impediment to the
end of this equity bear market and we believe there is still too much of it
about. There won’t be by the time this is over. Investors will lose all hope,
most particularly in their belief that policy makers have any idea what they
are doing. We saw the same in
And just in case someone missed the message:
word on the
What can one say, but a true, modern day Dante.