I’m not generally one for schadenfreude, but this is some pretty sweet, poetic justice here.
My favorite quote: “Who knew last September how long this down trend was going to continue,” after so many years of climbing upward?
Is he serious about that? Does he really not know that we (people who were paying attention and who weren’t industry cheerleaders) knew? Is he really that out of touch with what’s being said outside his circle of yes men? I was thinking maybe it was some kind of spin, but saying “I couldn’t predict what would happen,” doesn’t really do anything to help market psychology. It only hurts their credibility and makes people not believe their rosy predictions. Maybe they’re not liars and cheats. Maybe they’re actually stupid and ignorant. More forgiveable traits, personally, than lying and cheating, but professionally, I think it’s unforgiveable.
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