Here's a quick hit, we'll update in an hour.
Bearish SocGen Analysts: ‘Batten Down the Hatches’
Societe Generale’s ursine markets strategists Albert Edwards and Dylan Grice pubbed a note Monday pooh-poohing September’s stellar run for equities:...MORE
September has clearly been a great month for equities as the dire oversold position seen in mid-year has been successfully worked off (see front page and chart below). But with almost 90% of stocks now above their 50-day moving average, it is time to batten down the hatches. Expect the market to soon display its normal fickle promiscuity in reverse: warmly embracing weaker-than-expected economic data while shrugging off its recent fondness for strong data.
UPDATE: "More from Société Générale's Albert Edwards (Oct. 5, 2010)"
The Financial Times Gets to the Heart of What Société Générale's Albert Edwards is Saying (Sept. 24, 2010)
Société Générale's Albert Edwards: On Terminal Competitive Devaluation, The Nuclear Option, And How The Fed's Policies May Start An All Out War (September 22, 2010)
Société Générale's Albert Edwards: The descent into global C-H-A-O-S (September 20, 2010)
"Société Générale's Albert Edwards: 'Equity Investors Are In A Vulcan Death Grip And Are About To Fall Unconscious"' (September 2010)
We have a lot from Albert. Copy and paste the keywords
"Société Générale's Albert Edwards
in the blog search box.