Market Overview

Whtiney: Widely Bullish on Some Parts of US Economy


Analyst Meredith Whitney appeared on CNBC earlier.

She stated that the economy was mixed, but not growing directly. She stated US banks were trying to get assets from European banks, who continued to struggle.

Whitney stated that she was widely bullish on some parts of the US market, but as a collective, she stated that the US market would not grow all together. She liked right-to-work states and the agricultural belt.

A few months ago, Whitney stated that she would not invest in Citigroup (NYSE: C). Recently, she reversed her call somewhat, upgrading the stock to a hold. Still, she said that she is not bullish but that the metrics for Citigroup have improved.

Whitney talked of individual US states, noting that California, Illinois and New Jersey were the worst states financially. Whitney is famed for having made a very bearish call on US municipalities in 2010.

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