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
It’s a Depression (Without Those Tacky Breadlines); Andy Beal’s $30 Billion Bet on Banking
Andy Beal: “Unemployment is going over 10%, commercial real estate hasn’t even begun collapsing and corporate credit defaults are just getting started”. A great time to be buying distressed assets from Vikram Pandit, and Ken Lewis! […]
The Big Picture
Big Banks’ Recent “Profitability” due to AIG Scam?
Even Bernie Madoff would be impressed […]
Investing Strategy
Warning: Stock Market Rally Getting Exhausted
The current rally is getting into dangerous territory. Even if you’re bullish, you might want to place some stops […]