{"id":19159,"date":"2012-05-31T13:11:27","date_gmt":"2012-05-31T17:11:27","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=19159"},"modified":"2012-05-31T13:11:27","modified_gmt":"2012-05-31T17:11:27","slug":"below-666-socgen-says-yes","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/05\/31\/below-666-socgen-says-yes\/","title":{"rendered":"Below 666? SocGen Says YES!"},"content":{"rendered":"<p>This was just so way outside the norm that I had to republish. It seems to be implausible from where we are now, but I admit &#8211; not impossible.<\/p>\n<p>Before you get all up in arms &#8211; this is not our opinion &#8211; though it is<!--more--> something to consider.<\/p>\n<blockquote><p>May 31 (Bloomberg) &#8212; Supposedly `cheap\u2018 equities have become cheaper and cheaper, will get cheaper still before equity valuation de-rating is over, Societe Generale strategists Albert Edwards and Dylan Grice write in client note. * Euro area crisis will be `a sideshow\u2018 when the main act appears on stage as U.S. expected to slide back into recession, China hard landing will crush any residual<br \/>\noptimism of equity bulls; global equities to drop below April 2009<\/p><\/blockquote>\n<ul>\n<li>Investors will lose all hope, most particularly in their belief that policy makers have any idea what they are doing<\/li>\n<li>Expect savage market retribution as investors see impotence of their last two supposed saviors:<br \/>\nChina growth story and the Fed<\/li>\n<li>China stimulus package will be `futile\u2018 amid mounting evidence of economic hard landing<\/li>\n<li>Polls of Greek elections are erratic, result too close to call; risk remains large<\/li>\n<li>Pop in equity markets at the start of the week was due, given bearish, oversold levels<\/li>\n<li>Slide in 30-yr German Bund yields 2%, converging toward Japanese rates, is a taster of what is to come in U.S., U.K. in months ahead; expects 10-yr treasury yields to drop below 1% on China, U.S. hard landing<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>This was just so way outside the norm that I had to republish. It seems to be implausible from where we are now, but I admit &#8211; not impossible. Before you get all up in arms &#8211; this is not our opinion &#8211; though it is<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12],"tags":[483],"class_list":["post-19159","post","type-post","status-publish","format-standard","hentry","category-markets","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=19159"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19159\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=19159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=19159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=19159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}