He gives us 10 reasons why it's different, and why the market should be moving down.
Here's one of his beauties. He said that a year ago, the S&P 500 was undervalued by 18%. Wait---why didn't he then, tip stocks?
Ohhh that's right. He said the S&P was going down to 500, and we would be trading at hat size PE's!
He's always a good read though!
Breakfast With Dave February 3, 2010 (David Rosenberg)
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