Meredith Whitney

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Jul 16, 2009 12:15 pm

Was her bearish call on Citi a one time peak?

Whitney left Oppenheimer and started Meredith Whitney Advisory Group, LLC in early March.  We’re
curious to see if her Citi call will mirror Henry Blodget's call on Amazon in the 90s. Her recent media
appearance on Monday 7/13 seemed  wishy washy in comparison to her former stalwart bearishness on banks, but it seems she still manages to affect
the markets.

If you have any relevant thoughts, please share.

Jul 16, 2009 12:19 pm

Edward D. Jones & Co. rocks!!

 
--Spaceman Spiff
Jul 16, 2009 12:52 pm

She made a call that many other, less attractive, analyst made also. She has managed to leverage that with a nice PR campaign. Opco like the publicity it gave their firm, so they helped her out -not thinking she would walk out the door.

Once, the next rally/crisis happens someone will replace her in the media spot light.

Jul 16, 2009 1:16 pm

CALI is right. these people come on go with their calls (luck, intelligence) regardless they never seem to last.

Jul 16, 2009 1:24 pm

All I heard was "yackity yack yack yack".  She likes to throw around lots of technical jargon and statistics to try to make herself sound smart.  She gave Goldman a "bearish" Buy call.  What's that? 

Rather than making much of a call, I found her trying to make her analysis so complicated that she could hedge it either way.  And her explanation of the difference between a loan modification and a loan refi was terrible.
And she wold not seem to commit to any specific call.  "You might have a 15% bump in financials, easily, then maybe a leg down, then maybe flat line for a while".  What's that?
The interviewers didn't even know how to respond.  I found it very uncomfortable and very wishy-washy.
Jul 16, 2009 2:15 pm

The point is NO ONE knows. As I've said before, I GREATLY respect anyone who can complete the CFA process, but does all that knowledge really make someone a better stock picker as a result? I'd say no.

 
Just look at most of the CFA-driven active funds' dismal performance during this bear.
Jul 16, 2009 3:04 pm

Whitney certainly made a name for herself and has become somewhat of
the "iconic" analyst for the most recent crisis, whether she deserves
the attention remains to be seen.



Not to take her remarks out of context in the clip below, but watching
it reminds me of the superstition that most rarely make the cover of
Fortune twice...she might just continue to be a general market mover throughout this year,
until her spotlight turns on her or away from her.




http://www.businessinsider.com/meredith-whitney-wants-to-help-save-your-your-bank-video-2009-2






Jul 16, 2009 5:45 pm
Borker Boy:

Edward D. Jones & Co. rocks!!

 
--Spaceman Spiff
 
Couldn't have said it better myself.  Oh, wait.  Evidently I did. 
Jul 16, 2009 5:47 pm
BioFreeze:

Meredith is getting fat. 

 
Would you?