S&P's David Wyss Says U.S. Recession May End by Mid-2009

Dec. 12 (Bloomberg) -- David Wyss, chief economist at Standard & Poor's, says U.S. Recession May End by Mid-2009

http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vdAXZ0RINlTY.asf

 

Same guys that handed out triple AAA ratings all over the place? No thanks.

 

I think there was an old saying...

when monkeys fly out of his butt.

 

From a statistical perspective, that's not such a bad call at all. Not that it makes the caller very special, just plain stats.

 

I would say the sample size is so low the statistics are worthless.

 

That guy will have to hide in one of these places ( http://www.youtube.com/watch?v=HrR5CQUDlt4 ) after he watches how 2009 plays out......LOL!

 

Too many idiots are becoming overly bullish.

 

Be careful now...that statement was very appropriate about 18 months ago.
Ask Doug Kass who sweated thru some really nasty drawdowns in his fund. At the time, it was Doug who looked like the "idiot"....his shorts were getting CREAMED. Of course, he is now a GENIUS.

But we now must watch for the breaching of the "Wall of Worry"....which equates to SHORT COVERING.