Which won’t come as a surprise to SAI readers, who have been prepared for lurches downward since last summer.
Hard to find much to like, with oil at $100, housing in full tank, and the Fed trapped between a worthless dollar and a sputtering economy (but no mystery which exit they’ll take–Helicopter Ben to the rescue). The good news is that lots of folks are starting to see the glass as half-empty.
Depressed? Take a look at Cablevision (CVC). Berstein’s Craig Moffett thinks Dolan family engineering will drive it to $100 in a few years. Or Amazon, which Citi’s Mark Mahaney just upgraded on account of sandbagged guidance and international exposure. We’re not sold on either analyst’s logic, but any reasonable-looking port in a storm.
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