Saturday, February 6, 2010
Roubini's flat forecast
So now this noted bear thinks the S&P will be flat for the year.
Ain't that special???
On the exact day of the market bottom, Roubini said:
March 9, 2009 (Bloomberg) — The Standard & Poor’s 500 Index is likely to drop to 600 or lower this year as the global recession intensifies, said Nouriel Roubini, the New York University professor who predicted the financial crisis.
“My main scenario is that it’s highly likely it goes to 600 or below,” Roubini said today in an interview at the Chicago Board Options Exchange Risk Management Conference in Dana Point, California. A level of “500 is less likely, but there is some possibility you get there.”
And of course, he said that the "green shoots" were weeds, we were heading for a douple dip, etc etc.
But I'm not going to parse his calls. I've done that enough. This is just a visual Just take a look at Nouriel in April last year, below, versus how he looks now, above.
Do you think the bull market has been hard on him?
Posted by Palmoni at 9:28 AM