What Is A Depression Anyway, And Why We Continue To Be In It?

David Rosenberg
What Is A Depression Anyway, And Why We Continue To Be In It? zero hedge

How You Know You Are In A Depression?

Ever Wondered How You Know You Are In A Depression? David Rosenberg Explains zero hedge

IS DOW 5,000 REALLY POSSIBLE?

David Rosenberg thinks Dow 5,000 is possible
DAVID ROSENBERG: IS DOW 5,000 REALLY POSSIBLE? PRAGMATIC CAPITALISM

30-40% CORRECTION?

Today, David Rosenberg discussed the possibility of a 30-40% correction in the equity markets. Rosenberg thinks we could go as low as 850 on the S&P:

“There have only been two other times when the stock market ran parabolically up from a low in barely over a year, as was the case this time around (+80% from March 2009 to April 2010): the 112% surge from June 1, 1932 to September 7, 1932; and the 116% runup from March 2, 1933 to July 18, 1933. In the first case, we had a 40% correction and in the second, the correction was 34%. So, we are talking here about the prospect of a pretty hefty reversal in the S&P 500 that could very easily take the index down to as low as 850, if the history of these types of givebacks is any indication.”

CAN WE EXPECT A 30-40% CORRECTION? | PRAGMATIC CAPITALISM

ROSENBERG: 400 POINT RALLIES ARE A REASON TO BE BEARISH | PRAGMATIC CAPITALISM

ROSENBERG: 400 POINT RALLIES ARE A REASON TO BE BEARISH PRAGMATIC CAPITALISM

Time to Buy?

It is amazing that anyone would go long an equity market with a reported P/E multiple of 700x but that is indeed what we have on our hands. The end of the recession and the onset of a sustainable recovery, as we saw in 2002, are not the same thing. So this could still end badly but we will await confirmation signs that this is more than a very flashy bear market rally before shifting gears.” ― David Rosenberg, Chief Economist Gluskin, Sheff in a note to clients July 31