SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jon Koplik who wrote (12650)6/11/2010 2:50:03 AM
From: John Pitera  Read Replies (1) of 33421
 
Hi Jon, there were 2 great articles that were written about 5 weeks ago, One in the WSJ and the other on Bloomberg.

The WSJ article pointed out the Goldman Sachs was looking for the year end 10 year note yield to be be at 4% at the end of 2010, Morgan Stanley was at the other end of the range of estimates with a forecast of a 5.5% yield. The Journal pointed out that each firm had been the number one forecaster in one of the two previous years. I forget if GS was #1 in 2008 or 2009, which ever one it was then MS was the other #1 forecaster, in accuracy.

Part of the focus of the article is that it had been at least 10 years since the top two firms had such a difference in their current year projection.

That same weekend Bloomberg had a bookend piece writing that Blackrock was very bullish on the 10 year note while Pimco felt the secular bull market was over. I commented to a few people I talking with on the phone etc, that it was fascinating to see such a divergence of opinion among the really top houses.

I just watching George Soros's 32 minute address to the IIF, he says that the Global financial crisis has just entered into stage two of the big drama.... the sovereign debt portion of the crisis.

John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News