Dr. Doom Nouriel Roubini is now calling for the recession to end by year end 2009. This neatly fits into the theory that stock markets typically bottom out 6 months prior to the end of recessions. This makes March 2009 the official “Nouriel Roubini Stock Market Bottom”
The Big Picture
Marc Faber “Sell Your Stocks and Get Drunk in 2010”
Marc Faber says S&P 500 likely to drop in 2010; years ending in “0” and mid-term election years generally are negative for stocks. […]
Uncategorized
Foreclosure Tsunami About to Hit California
Massive wave of foreclosures hitting California this month […]
The Big Picture
Kass: “George Costanza” Market Now in Backing and Filling; Still Bullish For Summer Rally
Call this the “George Costanza market,” a market that does the opposite of what everyone thought it should have done three weeks ago and might now deviate from a growing view that the market will continue its rise in the weeks ahead. […]