57 Comments
- inactive, on 01/03/2008, -1/+14"It's a lock!"
Last time I followed this sort of advice was in 2000 and the whole thing tanked. - flavioribeiro, on 01/03/2008, -1/+11Color me cynical, but analysts are the attention whores of the financial world, and they're consistently wrong.
There are plenty of good ADRs out there which should outperform American stocks. And if the market tanks, Internet stocks will tank right along. - inactive, on 01/03/2008, -1/+10I love pump monkeys! They make my puts so much more inexpensive, not to mention profitable. Keep up the good work.
- fani, on 01/03/2008, -0/+8I used to work at JPMC and all I gotta say about the analysts are that they're a bunch of doofus's
They predict things with little to no research and nothing to back it on. After all, its not like its their money.
Never trust an analyst. They're "anal"ysts. - umbrae, on 01/03/2008, -0/+8Anyone know where to find the JPMorgan 2007 Predictions?
- Rotzooi, on 01/03/2008, -0/+7FutureDigg: JPMorgan Predicts 2009 Will Be “Year The Second Internet Bubble Bursts”
- NewGTGuy, on 01/03/2008, -0/+6Fully agree. It seems the great depression was started the same way. I don't believe these guys for a second.
Oh yeah, everything is great-- as the insiders quietly exit the market.
Put Option Order Executed! - bossm4n, on 01/03/2008, -1/+7Dugg simply for the fact that the analysts first name is the same as the villain in CoD 4, "Imran Zakhaev". Coincidence...perhaps not.
- digjam, on 01/03/2008, -0/+5Glad I got out of Jpmorgan in time..!
- metalclay, on 01/03/2008, -0/+5JP Morgan said so? Well, well, well, now, it must be true D: douche bags.
- oldhick, on 01/03/2008, -0/+4I think he means "peak oil"
http://en.wikipedia.org/wiki/Peak_oil
http://www.peakoil.org/ - digjam, on 01/03/2008, -0/+3Also Imran Khan was a very famous Pakistani cricketer who won Pakistan a world cup!
Coincidence...perhaps not. - freezeout, on 01/03/2008, -0/+3"When I hear about a housing bubble I get the sense that people aren't connecting the dots," -Jim Glassman, JP Morgan Chase senior economist.
Well, it certainly looks like these people know what they're talking about... jackasses - flavioribeiro, on 01/03/2008, -3/+6How is oil at a peak? One can never say a commodity is at a peak until it starts falling, and oil hasn't fallen in months!
- skyteria, on 01/03/2008, -0/+3Invest in lead.
- alexidigg, on 01/03/2008, -0/+2oh. at first i thought it said "paints a ***** picture" in the description
- dafragsta, on 01/03/2008, -1/+3I love the optimism but one thing the old financial people don't accept when they make these kinds of predictions about net stocks is the fact that most internet businesses are pioneers in a still young industry. It's going to be a bullish, but volatile market for a long time. We have very few Coca-Colas, GEs, etc. in the business of being big on the internet. Amazon, Google, Microsoft, eBay and Yahoo are the only real businesses with perceived staying power on a massive scale, but I expect that any one of them could still drop out of relevance if they lose sight of where the internet is headed, because the internet changes a lot faster than regular businesses. A new way to monetize a service or make an existing one better comes out overnight. The internet does not observe bankers hours.
- NewGTGuy, on 01/03/2008, -2/+4Analysts are the lapdogs of the financial elite. Their sole purpose is to create counter-intelligence.
- weycrest, on 02/13/2008, -0/+2crash it is then
- swimmer88, on 01/03/2008, -4/+6i agree, internet and tech will be the story of 2008. Financials are too beat up, oil is at a peak. But it is going to be a rough and volatile year. If you are going to invest...do your homework.
- jmpeagle, on 01/03/2008, -3/+5I'd wait until march-april before putting new money in the market. The bad news from the most recent problems in the credit markets including billions in write offs in the fourth quarter aren't published until mid-late 1st quarter of '08. While this might have a pretty nasty effect in early 2008, the Fed will predictably loosen monetary conditions to stave off a recession, loosening much of the burden on the subprime borrowers etc....
- stang966, on 01/03/2008, -0/+2In similar news, JPMorgan predicts the beach front housing market in Arizona will return to record highs not seen since 2001.
- synthpop, on 01/03/2008, -0/+2after all the lies, greed and fraud of the housing bubble, if you believe anything coming out of Wall Street you deserve to lose your money
- masgrada, on 01/03/2008, -1/+3How do I invest in china? .. sigh....
- phazon88, on 01/03/2008, -0/+2Virtual Console?
- yojiffyskippy, on 01/03/2008, -0/+2That is not unique to JPMC
- AxeSwinger, on 01/03/2008, -0/+2Well time to start shorting...
- Unclickable, on 01/03/2008, -3/+4JP Morgan is right, 2008 will be nothing (no housing... no gas .. no food..) but net
- plizard, on 01/03/2008, -2/+3yay its 1999 / 2000 all over again
- inactive, on 01/03/2008, -2/+32008 nothing but net? I'm sorry but I'm not very optimistic. Web 2.0 companies will spend all of their VC money, little innovation will take place, and we will see a mini bubble to clear out the "companies" with dreams of millions from Facebook apps, a new social network, and slaying Google. Maybe 2009...
- yojiffyskippy, on 01/03/2008, -0/+1"consistently" suggests a method whereas it's actually more like a coin toss.
- sodade, on 01/03/2008, -0/+1Funny that they don't mention Cisco considering that they benefit from just about any successful expansion of money making on the internet. Not to mention the fact that they have a huge warchest full of cash, are back down to a logical P/E ratio and are well poised to destroy any competition that is still left standing.
- inactive, on 01/04/2008, -0/+1I predicted this 20 years ago- ***** JP Morgan and his elitist nicompoopery!
- oldhick, on 01/03/2008, -1/+2According to you.
- nathanbutnet, on 12/19/2008, -0/+1How did this turn out?
- marksven, on 01/03/2008, -0/+1I'd wait until the consumer-spending-led recession is over around 2010 before putting any more money in this market. Somewhere near two trillion dollars of money will be destroyed as a fallout from the mortgage mess, causing a deflationary collapse. Having cash on hand to buy up cheap assets then is your best bet.
The Fed is the Wizard of Oz. Everyone thinks he has the power to save us all from recession, but in reality he's just a pawn shop who makes short term loans to banks and sets the fed funds target rate, which actually doesn't have much control over real intrabank rates (LIBOR) and mortgage rates (actually based on the 10-year treasury).
The time to save us from recession was back in 2003 when all our latest ills started in the first place. - johnnewton, on 01/04/2008, -0/+1Slow down, what slow down? JP Morgan expects internet stocks to continue to beat the overall market. Demand still exceeds supply for major internet stocks.
- mancat, on 01/04/2008, -0/+1Not just myself, oldhick. Show me scientific evidence from any non-biased source showing that we have reached peak oil production. We haven't, and even the most conservative estimates have placed the point of peak production at several decades from now. Right now, it's just speculation.
- rastagnac, on 01/04/2008, -0/+1That's right, every other economic indicator continues to fall but, surprise!, the rich will keep getting richer. I just can't figure out why the rest of us give a good goddamn about the stock market. It's nothing but a charade, a way for insanely wealthy people to pretend they're even wealthier than they are so they can get more money to play with.
When the stock market crashed in '29, was it the CEOs who jumped out windows? No, it was the middle-class folks who got suckered into playing the rich man's game. The poor folks? They didn't know what a stock was, but they knew how to survive without money, depression or no depression.
Don't be fooled by the one economic indicator that hasn't crashed yet. The Fed has figured out how to keep it from crashing, while the rest of us can go rot. - toyotaboy, on 01/04/2008, -0/+1I'm from the future, and JP is right.. invest heavily in *****.com
Just kidding.. actually everyone should invest heavily in solar companies.. Just look up any solar company in the last year, most have more than doubled in stock price. - JoeRW, on 01/04/2008, -0/+1IShares China A50, is an unmanaged fund with fairly aggressive batch of Chinese companies.
- Sharky35, on 01/03/2008, -1/+1No Good New on Digg, please!
- mancat, on 01/03/2008, -1/+1Which also hasn't happened yet.
- Actionjax1, on 01/03/2008, -1/+1Lets all just assume the following for 2008: Foreign beats domestic, growth beats value, large cap beats small cap.
- krnldmp, on 01/03/2008, -2/+2They will never learn.
- creoman, on 07/08/2008, -0/+0If you really want to see predictions for 2008 go to http://www.stock-forecasting.com
- prevajanje, on 01/03/2008, -0/+0with the economy going down, and advertising being cyclical you get hmm, something doesn't connect
- Scopitone, on 01/03/2008, -1/+1Buy ATVI (Activision Blizzard) before it doubles.
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