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  • philais: 
  • Comments (74)
  Bernanke doesn't have a clue or it he does he is lying. Youtube is full of his faulty predictions. I'm betting on what Peter Schiff is saying. "Get ready for another dive down...."

  Sep 16 11:33 AM | Link | Reply
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  • Jolly_Rancher: 
  • Comments (372)
  •  • Instablog (5)
  A frugal US consumer is EXACTLY what the world economy needs...rebuild balance sheets...reduce commodity demand. Unfortunately it would have been better if the US consumer hadn't been hog-tied into this frugal situation after running up a haystack of debt, instead achieving current status voluntarily, But people are people.

  Sep 16 11:35 AM | Link | Reply
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  • PearlCreek: 
  • Comments (20)
  Rosenberg has missed one of the greatest rallies of all time. He was calling for the market to go much lower at the March turning point and he AGAIN called for the market to go lower sometime in late June, early July.
  
  He is as much a contrary indicator as Bernanke and Lewis.

  Sep 16 11:35 AM | Link | Reply
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  • bbro: 
  • Comments (631)
  Rosenberg is ssoooooooooooo wrong...this guy said the S&P 500
  was going to be at 600 next month......

  Sep 16 11:39 AM | Link | Reply
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  • davidbdc: 
  • Comments (304)
  Yes, the US consumer HAS pulled back from Oct through this month....and now we'll get yr/yr comparisons and things will slowly go up....1%.....1.3%...etc.
  
  Bad things happened this past year. But whats done is done and we go from here. When unemployment slowly starts to unwind there will be more disposable income and sales/profits will improve. What folks like Mr. Rosenberg miss is that companies are earning money and are well positioned to have profit increases given their smaller structures.....and it will also spur some (but not a lot) of hiring earlier than people think....some companies have really overcut and will have to add people as business improves.
  
  Lets face it, March 6th was priced for the great depression...and those that were saying sell believed it would be as bad as the Great Depression that really happened. We've gotten back into the neighborhood of a recession with the stock market and since it appears we have begun to work our way out the market should continue to see upside as long as that progress continues. Why base the rally on a mispriced depression low-point? Profits estimates for 2010 still need to be raised IMO and that puts the S&P at a decent value level. And when one considers the 1% interest rates (and lower) banks are paying it makes equities look even more attractive.

  Sep 16 11:43 AM | Link | Reply
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  • Michael Clark: 
  • Comments (2179)
  •  • Instablog (272)
  •  • StockTalk (132)

  • •
  • Clark's Gate Timing System ©
  We know that Ben Bernanke has never been right about anything. And that Ken Lewis has never told the truth about anything.

  Sep 16 11:51 AM | Link | Reply
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  • enigmaman: 
  • Comments (715)
  •  • StockTalk (1)
  by all accounts the markets are fully valued based on best case next year scenario whats the point of trying squeeze every last drop out of the market, seems like the old rules do not apply or maybe they do " Hogs get fat pigs get slaughtered"
  
  
  On Sep 16 11:43 AM davidbdc wrote:
  
  > Yes, the US consumer HAS pulled back from Oct through this month....and
  > now we'll get yr/yr comparisons and things will slowly go up....1%.....1.3%...etc.
  >
  >
  > Bad things happened this past year. But whats done is done and we
  > go from here. When unemployment slowly starts to unwind there will
  > be more disposable income and sales/profits will improve. What folks
  > like Mr. Rosenberg miss is that companies are earning money and are
  > well positioned to have profit increases given their smaller structures.....and
  > it will also spur some (but not a lot) of hiring earlier than people
  > think....some companies have really overcut and will have to add
  > people as business improves.
  >
  > Lets face it, March 6th was priced for the great depression...and
  > those that were saying sell believed it would be as bad as the Great
  > Depression that really happened. We've gotten back into the neighborhood
  > of a recession with the stock market and since it appears we have
  > begun to work our way out the market should continue to see upside
  > as long as that progress continues. Why base the rally on a mispriced
  > depression low-point? Profits estimates for 2010 still need to be
  > raised IMO and that puts the S&P at a decent value level. And
  > when one considers the 1% interest rates (and lower) banks are paying
  > it makes equities look even more attractive.

  Sep 16 12:10 PM | Link | Reply