Dr. Doom was finally banged around by Bloomberg today! Since the US markets have re-gained $4 trillion of value, "Roubini said in March the advance was a “dead-cat bounce,” that it may “fizzle” in May and warned in July that the economy’s “not out of the woods,” the MSCI World Index was posting a 58 percent gain, the largest since it began in 1970."
So how could the good Dr. miss this move? Can we get some color from him on his calls--or maybe just a "huddle?"
But Roubini can't comment, because he's on vacation!
Quick--would someone buy him a cell phone.
But what is nice is that the mainstream press has now decided to question the good Dr. Something that this blog has done extensively. But the difference between the mainstream press and this blog is that here, we told the world that Dr. Roubini was a charlatan on March 10, the second day of this bull market, before it moved 50% in the good Dr.'s face.
And now that we are at my 1040 S&P target that I advertised in April that I would re-advertise after we hit 1040, instead of retesting 666, the mainstream press now sees his position for what it was.
After the fact, of course!