 Yesterday on CNBC, Maria Bartiromo had a brief interview with Meredith Whitney, who comments on how she is bearish again. Actually, she said she “hasn’t been this bearish in a year”. I ran across several forums and articles with comments where the commentors were bashing Meredith Whitney, saying that she has been bearish all along the recent rise since March, and a bunch of other to be expected types of comments.
In my opinion, when Meredith Whitney says something, it’s time to wake up and start listening. I’ve been listening to her comments for over a year now and she has been right many more times than not. (Yes, I’m a Meredith Whitney Fan) Obviously I’m not alone as the market, in particular the banking/financial sector, sold off pretty hard after her comments yesterday. Back on October 13, 2009 she came out and downgraded GS from “Buy” to “Neutral”, just as many other analysts were upgrading GS. Here’s how that call worked out since then: 
And here’s the KBW Banking Index ETF since then: 
By looking at the two charts above, you can judge for yourself whether you want to listen to her or not. If you do, here’s the Meredith Whitney interview from yesterday to listen what she has to say now. After listening, let me know what you think by commenting below: Copyright © 2008-2009 Online Stock Trading Guide, LLC  | 
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