Exclusive: Rosenberg Responds

Yesterday a publicity-hungry Jeffrey Saut takes an unjustified jab at David Rosenberg. Today, it is Rosie's turn to retort. Zero Hedge presents David's response.

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I went back to my notes of November 17th (I wrote my piece on this on November 18th).  Here is what I said: 

“In terms of reading material, what I found was most fascinating was this Bloomberg News article titled U.S. Stocks Advance as Commodities Gain. In the article, a CIO from an investment house is quoted as saying “we feel like this market still has some room to move higher. We’re still at levels that are lower than we were before Lehman Brothers. We are vastly better off than we were then.”

I stand by that quote that I put into my piece.  The word “vastly” is right there in the Bloomberg article.  You and the viewers on zerohedge can go access it quite easily too. 

I chose not to publish the person’s name who gave this quote to Bloomberg News.  But he was the CIO of a Boston-based investment house.   The person I quoted was not Jeffrey Saut, who I’ve never heard of, until now.

So his outrage (and rant), at least in this particular case, is rather out of line.

But it is highly amusing that he thought I was referring to him – he should probably take the bulls-eye off his forehead, and not be so insecure -- it might help him in the future (he’s entitled to his opinions like everyone, but he’s not entitled to his own facts and he should check and search out the facts before he publishes.  My piece of advice for the day).  

It says something about the herd mentality that someone thinks I was referring to his thought process when I was actually quoting from someone else.  There’s probably a few thousand other pundits out there who write market commentaries every day or week that thought I was talking about them … only they didn’t bother to spend the time complaining about it.

Best wishes, 

Rosie