David Rosenberg Has Gone Bullish... Or Has He?

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Thu, 05/12/2011 - 15:54 | 1269208 firstdivision
firstdivision's picture

Carry convergence?

Thu, 05/12/2011 - 23:48 | 1270732 bigelkhorn
bigelkhorn's picture

That guy from FFT is very good and called the market crash back in 2008.


He reckons there is a good chance the market might bounce here. I just

watched his live video today, He is very good and I love his membership site. 


its over at http://forecastfortomorrow.com/Trading-Club

Thu, 05/12/2011 - 15:52 | 1269216 NOTW777
NOTW777's picture

pay me and then I'll confuse you

Thu, 05/12/2011 - 23:43 | 1270717 Soul Train
Soul Train's picture

yep, pure Fed grain to the sheople.

The Federal Government has killed the Union.

Proof - look how Federal supported education teaches calculus to our high schoolers - the youth who are to be our future best and brightest - rapping just like Barack and Michele on the front lawn of the White House.

Watch this http://www.youtube.com/watch?v=Umoo9yTETFs

Thu, 05/12/2011 - 15:57 | 1269223 EscapeKey
EscapeKey's picture

It would appear the PPT has set their computers to 12,700 today.


Thu, 05/12/2011 - 16:31 | 1269410 John Law Lives
John Law Lives's picture

Amazing how the Dow Jones rose ~150 points off its intraday lows today.  Must have been the lousy macroeconomic data.  I just love rallies on the heels of bad data.  It puts my doubts to rest and confirms my suspicions that the market is 100% rigged and the Ponzi economy we live in is FUBAR.

Thu, 05/12/2011 - 16:45 | 1269445 Waterfallsparkles
Waterfallsparkles's picture

Seems to me that when the data is really bad that they pump the market so they can sell.  Usually, does not correct on the data until the next day. 

Thu, 05/12/2011 - 23:54 | 1270747 Soul Train
Soul Train's picture

Yep, it's the NY and DC federal mafia. Here's the real story - they are using equities as their new distribution engine, just like they did with real estate in the 2000's.  Big whore Bubbles made in the USA, in the factory at the Fed and with their bankster owners.

Here's the way they teach calculus to our kids in high school (federal funding and centralized control)




Thu, 05/12/2011 - 19:52 | 1270098 EscapeKey
EscapeKey's picture

I absolutely agree. Seriously, how fucked up is that climb? There's nothing even remotely non-obvious about the 12,700 target. They entered it on a computer, and gee look at what the cat brought home.

I get questioned on my position with regards to PMs. It's days like these my confidence builds.

Absolutely fucking disgusting.

Thu, 05/12/2011 - 15:58 | 1269230 entendance
entendance's picture

I’m not sure if ZeroHedge has interns who have been unleashed on the Bloomberg terminal to bang out charts which they can then misinterpret ignorantly, but there is positively ZERO excuse for this utter nonsense: “SLV Trading At A Record Discount to NAV.”...>


Thu, 05/12/2011 - 15:55 | 1269233 Prof Gulliver
Prof Gulliver's picture

Hee hee. Those who listened to the world's worst stock picker missed the 100 percent rise, now they're going to go all in just in time for the 20 percent decline.

Thu, 05/12/2011 - 16:04 | 1269261 Smiddywesson
Smiddywesson's picture


He couldn't take the pain and had to throw in the towel.

Thu, 05/12/2011 - 16:13 | 1269319 GS is short Gold
GS is short Gold's picture

Seriously, who gives a shit what DR has to say? Because he's a permabear, TD gives him open forum to spread his worthless advice.

Thu, 05/12/2011 - 16:24 | 1269375 Arius
Arius's picture

King Dollar!

or what is it now The Bernank Dolare ???

Thu, 05/12/2011 - 16:17 | 1269342 Manthong
Manthong's picture

Just have a couple more shots, straight up and don't worry about that blood test with the lousy liver numbers. 


Thu, 05/12/2011 - 16:43 | 1269451 bbq on whitehou...
bbq on whitehouse lawn's picture

"...it is an acknowledgment of what the market

internals are flashing at the current time from a purely tactical and technical standpoint.”

I’ve “gone bullish.”

"At Gluskin Sheff, we make a point of never reacting to the short-term – whether in financial markets or with respect to interpretation of our research."

So which is it?

Thu, 05/12/2011 - 16:47 | 1269468 buzzsaw99
buzzsaw99's picture

I've never seen anyone lose money as fast as Gluskin Sheff, except maybe AIG.

Thu, 05/12/2011 - 18:41 | 1269890 rocker
rocker's picture

Lose money. Godman shafts needed Berkshire, the FED, the Treasury, AIG and somebody to give them bank status, since they are a hedge fund.

Now that's a Big Bandaid. 

Thu, 05/12/2011 - 19:04 | 1269966 buzzsaw99
buzzsaw99's picture

I know but sheeit! That '07-'09 stretch was like Legg Mason Gawd awful.

Thu, 05/12/2011 - 19:04 | 1269967 BIGBOHICA
BIGBOHICA's picture

Don't forget Robert Prechter. His wave counts are 100% accurate at going bullish/bearish at the exact wrong time. Silver 23 was the absolute top, and S&P to be at 600 after the last year's soverign debt crisis.

Thu, 05/12/2011 - 17:54 | 1269749 TexDenim
TexDenim's picture

How can one "never react to the short term"? The short term is all we've got today. It only becomes long term two or three months from now. What a crock. These guys make money from fees, not from trading.

Thu, 05/12/2011 - 18:00 | 1269773 MarcusAurelius
MarcusAurelius's picture

Does it really matter whether he is bearish or bullish? Is he putting his money where his mouth is? Is he a market trader or market analyst? I do both but you know what I put my money where my mouth is. I called this USD ralley long before these so called experts and guess what, "it ain't over by a long shot". Now that the stops have been taken out on the dip watch as this ralley lasts a good while measured in months. Don't be suprised to see it rise to over 90.00. Does price action move in the direction of the stops? Hmmm...trade and find out.

Thu, 05/12/2011 - 18:01 | 1269780 Stephanovic
Stephanovic's picture

Yes, I thought it was amusing they went premium before he outlined his altered thoughts.

Thu, 05/12/2011 - 19:29 | 1270029 Eireann go Brach
Eireann go Brach's picture

Fuck him the fat bastard, he will probably be on CNBCs payroll soon!

Thu, 05/12/2011 - 20:47 | 1270260 long-shorty
long-shorty's picture

It's no coincidence all of this guy's notes are named after meals and snacks.

Sun, 05/15/2011 - 17:02 | 1277070 No More Bubbles
No More Bubbles's picture

Who cares what this clown or any other clown thinks?  They'll all end up like Joe Battapaglia soon enough.

Mon, 05/16/2011 - 21:32 | 1281425 tony1983
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Wed, 06/29/2011 - 02:43 | 1410870 jimmight
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I love it when the big boys fight withe blogosphere as it immediatly validates and ligitmises the blog. Free advertising.
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