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Mike Wilson, Chicago Bears ‘Fanatic’, Basks In Glory Of Selloff Call In Highly Amusing New Note
If you asked me to make a list of people the bulls don't want to hear from now that stocks are sitting at 14-month lows following a truly egregious two-day rout, Donald Trump and Jeff Gundlach would probably be at the top of that list.
But somewhere in the top ten would also be Morgan Stanley's Mike Wilson, whose July call for an imminent correction in Tech and other market highfliers was borne out in dramatic fashion starting in September.
Regular readers are familiar with Mike. Few took him
That, right there, is a great posting! And the Bears be damned should they meet the Hawks!
If one looks for the common denominators one sees the reality of this situation, whereby both the Political establishment and the Fed are focused primarily on the Stock Indexes for approval…. The markets may be different this time but artificially implemented Liquidity does not Trump (not a pun) the laws of sanity and Economics. Mike is correct!!! Thanks Mike!!