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!


Anonymous said...

what's going on with the Shippers you touted?

hope you had a great weekend...

Palmoni said...

Check out Steel X--that leads them-we hear all this nonsense that the world economy will grind to a halt so the momo boys come in and short these names-I'm holding all of them here.

Back in end of June/July they pulled the same thing

We hit 1020--now we go 100 to 1120 We'll see what the bears have then.

I'm guessing it won't be much!!

Palmoni said...

Look at today's market. It tells you one thing. The bears pressed, and they had nothing! They tried to bring it down, and now they need to bring in their shorts.

Why else did they all gang up on the market on one day? Look at wrong way Nouriel Roubini salivating on CNBC today-hoping that somebody would listen and think he knew what was going on with the market.

No one listened except his peers.

How about David Rosenberg last week? Or Meredith Whitney's op-ed? Or Bill Gross and the annual 5% returns that equities will provide?

Why did these people get the airwaves even though they were so wrong?

Once again, Wall Street trots out their bearish pimps at another inflection point.

And once again, you had it here!

Anonymous said...

yea . you're right. thanks for GCI...made up my losses for the brcx loss.