tag:blogger.com,1999:blog-3310402797768514899.post579496661028585650..comments2023-11-05T03:39:11.575-05:00Comments on The Technical Take: David Rosenberg: This Is Your Last ChanceGuy M. Lernerhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3310402797768514899.post-13391413098139428732009-09-22T23:39:39.680-04:002009-09-22T23:39:39.680-04:00Nice post, I will be putting a note regarding this...Nice post, I will be putting a note regarding this article on my blog. Rosenberg is one writer who I love reading frequently so I hope he keeps his daily updates free!Scotthttps://www.blogger.com/profile/09444966645178921896noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-16816610466152486632009-09-15T16:43:07.204-04:002009-09-15T16:43:07.204-04:00"In essence, I have adapted a similar outlook..."In essence, I have adapted a similar outlook. At this level, the market is too risky."<br /><br />Yep, agree with that; yet, in the meantime, it will move 25% higher from here. I know, I know...but the market just loves to be stupid...daciannoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-80586394595654517952009-09-15T15:15:53.402-04:002009-09-15T15:15:53.402-04:00Rosenberg is just one highly visible individual wh...Rosenberg is just one highly visible individual who has not bought into the whole recovery thing. There are others. For Rosenberg, this has always been a bear market rally and it remains so.<br /><br />On the other hand, you have Doug Kass who was bullish back in March and has turned bearish of late. He is a little more pragmatic or opportunistic in his approach. <br /><br />As a bear from the March bottom, Rosenberg has yet to crack in his outlook. Curious to know when he throws in the towel if market moves higher.<br /><br />In essence, I have adapted a similar outlook. At this level, the market is too risky. There are better places to hide. I have stressed over the past 6 weeks or so.Guy M. Lernerhttps://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-61357292514028451752009-09-15T11:44:48.461-04:002009-09-15T11:44:48.461-04:00Hi Guy,
It happens to me to read David Rosenberg&...Hi Guy,<br /><br />It happens to me to read David Rosenberg's writings from time to time as well and I really appreciate the quality of its reports.<br /><br />It seems to me this recession is over and we'll experience some positive GDP for 1/2 quarters. For most out there, it won't feel like as there won't be any recovery (or very smallish).<br /><br />As for the stock market, I honestly don't know; stocks are not cheap (you still can find some bargains on PinkSheets) and they discount a hell of a recovery. I'm not sure profits will be there to justify prices. But we know there are always plenty of people to do the dirty job in both ways (up or down) and we can build another bubble with no problem (the money FED gives away it surely doesn't help the economy but it fuels speculation).<br /><br />There is another question: is a 2nd recession around the corner? I personally don't know.<br /><br />Voila, a bit of "economic" talk :) We'll see if Rosenberg is right or not.Daciannoreply@blogger.com