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Wednesday, December 1, 2010

Goldman gets bullish

This outlook represents a fundamental shift in the thinking that has governed our forecast for at least the last five years. 

And this morning, ex-Goldmanite, Jim Cramer finally has enough courage to poke fun at wrong way Roubini


Why didn't someone poke fun at Roubini at the market bottom?

Heck--Roubini called Cramer a buffoon on April 8, 2009:

"Cramer is a buffoon," said Roubini, a New York University economics professor often called Dr. Doom.

And on March 9, 2009 Roubini said there was a 2/3 chance that the US was heading into another Great Depression.

There was no-one on Wall Street that did that.

Oh--whooops--except this little corner of the Internet!

Who gave the good Doctor his name back in April of 2009:

Let me suggest a new moniker for Mr. Roubini on behalf of Mr. Cramer.
Dr. Buffoon!

Roubini, since the market bottom, has been spouting the same old, bullsh*t story.

And I've called the bears on the carpet since then--heck check out this story back in April of 2009, when Roubini said the green shoots were just yellow weeds:

Look at Nouriel Roubini's writings. How well was his latest work held together?

Roubini thought he was clever, intoning, while the world sees "green shoots" he sees "yellow weeds!"

How appropriate. The most common yellow weed is a dandelion, the traditional medication for constipation!

Instead of throwing tea bags over the White House fence, maybe somebody better send some dandelion tea bags to Wall Street!

Let's have a Wall Street tea party with David Rosenberg, Meredith Whitney and Nouriel Roubini as the invited guests!

Served on fine China!

All you have to do is take a closer look at him.

And then, you'll see what his story is really worth.


A big fat ZERO!!