3 banks turn bearish
4 responses | 0 likes
Started by wglassfo - Dec. 30, 2018, 3:44 p.m.

I have just read reviews of letters issued by 3 of America big banks

They are all turning bearish after yrs off advising clients about higher stk prices

I am not privy to their inner most advice, to clients, of course

 one might want to take this seriously as they advise some huge clients, with large amounts of stk holdings

Combined their letter could cause some serious selling pressure, and I doubt they all got together and agreed on their advice letters, before sending end of yr letter

This is 3 banks with independent advice, with legions of analysts and advisors who do nothing but try and give their best advice. These banks employee the best of the best, but  as always they can be wrong. Mostly they are wrong on the time frame if the history of these people is any guide

Large gold miner stks was mentioned as a hedge if the client wants to stay long the stk market

Just FYI and of course my continued bearish out look which seems like a broken record

By wglassfo - Dec. 30, 2018, 3:47 p.m.
Like Reply

Just so you know I did not pull this info out of thin air

The three banks are

Morgan Stanley

Goldman Sachs

Bank of America

By Lacey - Dec. 30, 2018, 6:33 p.m.
Like Reply

When the top is in they will all be wildly bullish.

By frey_1999 - Dec. 30, 2018, 7:52 p.m.
Like Reply

when the top was in they were

By Lacey - Dec. 31, 2018, 1:01 p.m.
Like Reply

So what has changed in 3months except the the dems took back the house?