Monday, October 19, 2009

David Rosenberg – "Market Overshot the Fundamentals…"

Rosenberg telling it like it is… the market is ahead of itself and over valued. He says the government should be promoting savings and not promoting spending as they are. I love guys like the other commentator who “agree completely” about the long term problems, but disagree in the short term and are still bullish. What nonsense, so much playing it both ways, Rosenberg keeps his eye on the ball and points out that total bank credit is down 15% and that it is simply government spending making up the difference (with your money).