Nouriel Roubini aka Dr. Doom Doesn’t Realize How Bullish/Lucky He Is
Posted by Timothy Sykes on Mon 8th of Dec, 2008 07:18:48 AM
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When I saw this TechTicker, I couldn’t help but laugh:
The guy sees 20-30% more downside it he stock market and possibly less if all these governmental policies work?!?!?! Please the upside is waaaay more, that’s bullish baby!
And we could even say this rally was sparked by the realization that the worst may be over.
That’s not doom, that’s reality. All economic total guessing games aside, we held the 2002 lows so far so there’s a technical bounce going on. That should last a few weeks/months and then its anyone’s guess as real estate and debt and leverage stop stirring together to create the ultimate economic storm, one that will really doom us all.
Of course, it’s never paid, and I say never because the success rate is sooooooooooo rare, to bet on disaster so Nouriel is wise brighten up and embrace the fame and fortune that stems form his 2-year-old guess.
And I do sa guess because economists can throw a million charts and explanations at me and I stil won’t respect them because no matter their theiss, its never as simple/high probability as PennyStocking.
So NR, enjoy the spotlight while you can, you’ll make 10 more major calls over the next 20 years and be right 3 to 6 times. Helping some, hurting some, always the focus in yourself and your past great call.
During that same period, I’ll almost certainly have turned my $12k into $1.65 million (n expectations–as my instructional DVDs preach–and will have taught an entire generation the difference between macroeconomic guessing games and microcap probability, turning a few devoted hundred/thousand into millionaires themselves.
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