Meredith Whitney: More Weakness Ahead?
Posted on Thursday, August 7th, 2008 | In Market Commentary, Stocks to Watch<div class=”noprint”
When Meredith speaks people listen. She is a sharp analyst that has made some bold calls the past couple of years. Among her calls: Citi’s recent failures. This interview took place earlier this week on the CNBC set. Among her points in this interview:
1. Expect to see further weakness in housing prices
2. Banks are recapitalizing but very little of that is being used for loans
3. Systemic risk still pretty high for most investment banks
4. In this kind of market, money goes from “weaker” hands to “stronger” hands
5. Credit card industry will have repricing problems with their loan portfolios due to higher regulation
Her calls have been pretty spot-on recently. This interview is probably a bit extreme to the extent that she might be “overselling” the current market conditions. But at any rate, I would recommend that you keep her word in mind. And if you have a problem with her then maybe you should take it up with her husband.
Last 5 posts by Agustin Gonzalez
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 About Agustin Gonzalez (http://agcapitalmgt.com/)
Agustin Gonzalez is Founder/Portfolio Manager of AG Capital Management in Dallas, Texas. He trades primarily domestic equities and options for his clients. Prior to starting his own firm, he advised high-net-worth clients in investment strategy and portfolio management at Merrill Lynch Global Private Client Group. Mr. Gonzalez attended the United States Air Force Academy between 1994 and 1997 before receiving an Honorable Discharge. He then graduated with a Bachelor of Science (BS) in Management Science in 2000 from the Southern Methodist University's School of Engineering and Applied Sciences in Dallas, Texas. He is also near completion of his Masters in Business Administration (MBA) from the Southern Methodist University's Cox School of Business with a dual concentration in Financial Consulting and Corporate Finance. |
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