Tuesday, June 9, 2009

Dr. Doom backpedals

Roubini's latest on his blog:

One cannot rule out a couple of quarters of sharp GDP growth as the inventory cycle and the massive policy boost lead to a short-term revival.

Call Karl quick! The doomsters are breaking ranks!


Anonymous said...

are you still holding MGM...seems to be getting closer to $7...why do you like MGM?


Palmoni said...

Assets! Look at what happened to Harrah's debt--and MGM just raised $ at $7. The stock is just being accumulated, before it makes a move above 10.

Be patient just a little bit more with this number.

The Vegas stocks absorbed the money raised, debt refinancings, and negative analyst coverage.

They are getting set up again to move.