“In a piece he [David Rosenberg] put out Friday, he says unequivocally that if you're looking for the earnings recession, you need look no more -- it's here. And with rather a vengeance.”
“Hence, he's ineluctably forced to the conclusion that a recession in the economy "is either here or no more than two quarters away."
http://online.barrons.com/article/SB119586356074702600.html?mod=9_0031_b_this_weeks_magazine_columns
Recession has been here for a couple of months. Scam Market is likely to take additional 20-30% hit from here within the next 12 months. And that wouldn’t be the end of it. Plan and speculate accordingly.
Jas
As of 11/24/2007
Symbol Last
DJIA 12,980.88
NASDAQ 2,596.60
S&P500 1,440.70
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