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A Buysider's Super Bearish Presentation On US Stocks Is Making Some People Very Angry

Mar 29, 2013, 00:27 IST

Back in 2008 when the market was in the sewer, Warren Buffett wrote a piece laying out the case for buying American stocks called, "Buy American. I Am."

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Now that the market seems to be going nowhere but up, an analyst has posted the exact opposite case for stocks on SumZero, a networking site for buy-side researchers.

And users are hating it.

Ben Michaud, an analyst at a large, New England-based investment firm with several billion in AUM, was kind enough to let SumZero share his slide deck, entitled "Sell American. I Am."

Maybe you'll take to it more kindly than SumZero users did. They've rated Michaud's thesis the worst of all time —0.3 out of 100.00.

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But perhaps that's because this isn't what anyone wants to hear right now.

And for the record, Michaud's firm does not endorse this thesis, it's his own independant work.

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