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!
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2 comments:

  1. AnonymousJune 9, 2009 at 12:33 PM

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

    Thanks

    ReplyDelete
  2. PalmoniJune 9, 2009 at 9:08 PM

    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.

    ReplyDelete