Tuesday, July 21. 2009
Posted by Karl Denninger in Macro Economics at 09:11
UTX: Conference Call **FLASH**
In the "no kidding" department, UTX's CEO said:
"Does not expect a substantial economic recovery next year."
Go ahead Sheeple, keep buying those stocks...... you know that Goldman would never issue a forecast of a big rise in a market (cough-oil to $200-cough) and then use that "prediction" to sell off their holdings to you and even get short, right?
Go ahead folks, buy buy buy as Cramer would say. Never mind the actual CEOs in the trenches are telling you the truth about economic prospects. It may not be as sexy as listening to CNBC's "talent" having orgasms on the floor of the NYSE, but it sure as hell is a lot more accurate to listen to those who are involved in running businesses instead of parading in front of a "Tout-TV" camera, right?
PS: Look at the DX again this morning - dollar down (again) materially, about 1/3%. "What are much higher energy prices, Alex?" Just remember, Government Sachs has your back America (and they will shoot you in the back - again - since you continue to allow it to happen!)
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