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FSN: Roubini Turns Bullish – Another Warning Sign?
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Pater Tenebrarum
Acting Man
Erstwhile “Dr. Doom” Becomes “Dr. Boom” – 1,000 SPX Points Too Late
From 2009 to sometime in 2012 when the stock market’s echo boom rally was still in an earlier, less manic stage, Nouriel Roubini remained skeptical and bearish. We don’t fault him for his skepticism: it was warranted, even if we didn’t always agree with his reasoning. It could well be argued that with the exception of the 2009-2010 period, when prices were still fairly depressed, buyers of stocks took inordinate risk and were mainly gambling on the “Bernanke put”. They continue to do so, in what can only be termed an especially egregious manifestation of the ‘potent directors fallacy‘ – a flight forward if you will, of the thundering herd. For Bob Prechter’s view on this (he actually coined the term), see here.
Continue Reading at Acting-Man.com…
Source: http://silveristhenew.com/2013/06/04/roubini-turns-bullish-another-warning-sign/
