Monday, October 5, 2009
Roubini tells the same old story again
Bloomberg: “Markets have gone up too much, too soon, too fast,” Roubini said in an interview in Istanbul on Oct. 3. “I see the risk of a correction, especially when the markets now realize that the recovery is not rapid and V-shaped, but more like U- shaped. That might be in the fourth quarter or the first quarter of next year.”
Now it's a U. What happened to the L?
So that's the bears claim to victory. An U shaped V? The only thing Roubini is really showing us is a zero!
Maybe people forgot Roubini's speech in Italy--so now he tries to pull it off in Instanbul!
You would think Pakistan and Afghanistan would probably be the next stop on his tour--instead he's on CNBC today at 8:50.
And they'll say he's the man that called the recession, even though he called it the next great depression!
Posted by Palmoni at 7:37 AM