Laszlo Biriny's S&P 500 Target Price for 2013

• Portfolios at All Time Highs as we Enter 2011

-------- Original Message --------

Subject:	FWC: Laszlo Birinyi… the S&P 500 will rally to 2,854 by September 4, 2013
Date:	Thu, 6 Jan 2011 06:38:16 -0800
From:	Jas Jain

Laszlo Birinyi… the S&P 500 will rally to 2,854 by September 4, 2013

David Rosenberg; 01/05/11:

The fact that Laszlo Birinyi published a report yesterday concluding that the S&P 500 will rally to 2,854 (what … no decimal place?) by September 4, 2013 (oh, only another 125% from here) is perfect. Absolutely perfect.

 

Bubble-meisters are out in force.

Also worth reading are quotes from evildoer Bernanke, appended below. Sad thing about born-and-bred American dopes is that only liars and evildoers can be their top political leaders (yes, Fraudulent Reserve is a political institution and the admission is mostly limited to the members of a cabal that serves bankers and financiers; all three recent Obama appointees are members of the cabal).

Jas

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David Rosenberg; 01/04/11:

"MARKETS LINING UP BEHIND BERNANKE? "They will make it through the storm." This is from Ben Bernanke. And "they" are Fannie and Freddie. These words were literally uttered a mere two months before Fannie Mae and Freddie Mac collapsed and were effectively nationalized. This is about on par with "the troubles in the subprime sector on the broader housing market will likely be limited" and of course "what I think what is more likely is that house prices will slow, maybe stabilize" just prior to the collapse. We of course do not want to appear disparaging, but this is the chief monetary official that the markets have lined up behind and put their faith in over the past four months. (Check out the picture of Mr. Bernanke decked out in a superman costume with cape and all on page R1 of yesterday's WSJ. Yikes!)"

 

Thank you, Mr. Rosenberg, for exposing incompetence and lies of Bernanke.