David Rosenberg wants to see more upward revisions in analyst earnings projections before he'll...

|By:, SA News Editor

David Rosenberg wants to see more upward revisions in analyst earnings projections before he'll consider turning bullish. Consensus earnings estimates on a 12-month forward basis peaked in April but have since declined for five months in a row and down so far in September. Based on this indicator, he says we still have room to fall.