Anyone know the ticker for the triple short UMB ETF?Sphere: Related Content Print this post
Wednesday, April 1, 2009
Posted by Cornelius at 12:57 PM
Greiner, the CIO at UMB, thinks stocks are finally at the low end of the range on a 5-year range. He's also recommending his clients start getting back into equities. What is his rationale? "From a fundamental standpoint the table has been set for financial markets to stabilize and rebound." And why is that? Because in the face of almost of every single major bearish housing index, (a number released by the NAR, far from a non-partisan group) pending home sales is sitting at 2.1%. And also because the ISM survey was 0.6 higher than consensus and is still at an incredibly shitty 36.3; let's ignore the fact that aggregate demand has been beaten to a pulp and the Institute (the I in ISM) itself has a bearish tone on the report.
Labels: global macro