Is David Rosenberg the worlds best counter indcator?

Posted on | Tuesday, January 5, 2010 | No Comments

I think so. He now justifies his incorrect assumptions on the SPX since March 2009 by saying "I'm not wrong, the market is just no longer a leading indicator".

Remember back in trading 101 when you learned that the market is *always* right and doesn't care what you think? Poor David is still trying to learn thing since March 9th 2009 apparently.

You know how people take a trade that's totally stupid and then say "oh this is an investment I'm going to hold on to it longer, it'll come back". "It's my core position I'll trade around it". Sounds like Mr. Rosenberg!

Read more of this silliness
http://www.zerohedge.com/article/rosenberg-points-out-stock-market-now-lagging-indicator-discusses-byron-wiens-beliefs-tooth-#comment-183365

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