Malicious Prophets and Bear in Sheeps Clothes

It is intriguing to see what people will do to make money or gain power. One cadre include the malicious prophets and naysayers, the conspiracy theory extrememists, out with vendetta and greed. Their modus operandi is a via negativa.

Such individuals will lucubrate in order to promote narrow personal gain, at the expense of the common good. They will precipitate foul vituperation and kick you while you are down. This includes the nascent report of Michael Mayo, through the report of Michael Moore on Bloomberg.

Mayo was right on in his 1999 bear call, to the loss of his job. However, now he wishes to extenuate his handsome returns after the massive slash in bank equities. There is one thing to portend a problem, have it come true, and be ordained king, there's another thing to allow it to get to your head, and perceive oneself as a perma-prophet. If Mayo is going to make such doomsday calls on the banks, he needs to demonstrate how this will take effect in real analysis, and show how it will mount upon the already enormous equity losses of the financials and write downs.

There was a promblem. The markets crashed horribly. And now some want to feed on the fear of others, at the expense of the systemic health of the country by beating up bank stocks even more. Michael Moore seems to enjoy this course, as can be seen in his documentaries; much like a bully enjoys beating up the vulnerable.