Pretty Sobering analysis. <object id="cnbcplayer" height="380" width="400" classid="clsid27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" > <param name="type" value="application/x-shockwave-flash"/> <param name="allowfullscreen" value="true"/> <param name="allowscriptaccess" value="always"/> <param name="quality" value="best"/> <param name="scale" value="noscale" /> <param name="wmode" value="transparent"/> <param name="bgcolor" value="#000000"/> <param name="salign" value="lt"/> <param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1063364117/code/cnbcplayershare"/> <embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1063364117/code/cnbcplayershare" type="application/x-shockwave-flash" /> </object>
I really like Meredith Whitney, and do not think her financial call was a byproduct of 'luck.' It was too specific, and she's not exactly a permabear. Also, much of what she was saying two months ago about credit issues and credit card default rates and delinquencies is already coming to fruition, in a very specific, consistent way that she described it would. She's one of the few analysts that I always pay attention to when she's interviews or gives a commentary. In the world of finance, 98% of the analysts seem to be so consistently wrong, they make a mockery of the whole system. It's refreshing to see someone like Ms. Whitney come along, who apparently does a ton of research, and make the salient and timely calls that she has so far made.
Yes and that is why I think she is starting her own firm. People are willing to pay top dollar for good analysis.