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
1929 Stock Market Crash Was Not that Bad After All!
An investor who invested a lump sum in the average stock at the market’s 1929 high would have been back to a break-even by late 1936 — less than four and a half years after the mid-1932 market low.
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The Big Picture
Steve Leuthold Sees 30% Upside in S&P 500; Favors Tech, Gold, Large-Caps
Steve Leuthold, whose Grizzly Short Fund was up 74% in 2008, says S&P 500 will surge to 1,100 […]
The Big Picture
Donald Trump on Bernard Madoff, the “Depression”, and Banks
Trump: “No thanks, I can lose my own money.” […]