“Responsibly Bullish” or BullSHIT responsibly?

Last week, Tony Pasquarello, Hedge fund leader of Goldman Sachs informed us to be “Responsibly Bullish” on the stock market. This is the equivalent of saying: “You can buy this car with over 100,000 miles and it PROBABLY won’t break down on you.” This remark is a hedge in and of itself, its essentially saying: I think the stock market will go up, but I’m not guaranteeing it, so be “responsible”.

This is everything that is wrong with corporate finance: You hear one thing, but don’t really understand the fine print hidden in the message.

This author understands that this comment is a sham and proper representation of how to……

BULLSHIT responsibly

If you want a more prudent perspective on what will occur with the stock market listen to Tom Stevenson of Fidelity International:

“A stock market crash is right around the corner.”