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User Info	Was last week the Santa Rally ?; entered at 2007-12-02 15:23:46
Gsh1976 Posts: 628 Registered: 2007-09-16 Delaware	The constant bullishness of CNBC is sickening. You can always count on Kudlow to have some permabull idiots as guests. I rarely watch his show but I have seen Stefan Abrams and Fritz Meyer as guests before and they are ALWAYS bullish. A quick google search returned these gems from Meyer: 4/2/07 `A Little Hysterical' Koesterich says a gain of 10 percent to 12 percent for the S&P 500 this year will hinge on the Fed cutting rates and the housing slowdown remaining ``pretty much limited to subprime.'' For AIM Investments' Fritz Meyer, concerns about the housing market are overblown. He sided with Bernanke's assertion that the economy will continue to ``expand at a moderate pace'' and defaults and delinquencies among subprime borrowers won't stanch demand for mortgages to more qualified home buyers. Concern about subprime ``got a little hysterical,'' said Meyer, the Denver-based senior investment officer at AIM, which oversees $149 billion. ``Stocks can and should do pretty well, absent the economy slipping closer to recession, which I don't expect.'' Fed officials forecast in February growth of 2.5 percent to 3 percent this year and 2.75 percent to 3 percent in 2008. 5/29/07 Fritz Meyer, who develops investment strategy for AIM Investments, a $149 billion money-management group in Houston, sees stock gains stretching as far as the eye can see as there is so much cheap and easy money being injected into the system. However he doesn’t understand inflation as he sees none. 9/4/07 ``The market's probably seen the worst of it,'' said Fritz Meyer, the Denver-based senior investment officer for AIM Investments, which oversees $160 billion. ``The Fed ultimately will ride to the rescue.'' Stocks are ``on sale'' and managers are ``finding opportunity everywhere,'' Meyer said. Last modified: 2007-12-02 15:25:03 by gsh1976 2007-12-02 15:23:46