We Have Confirmation
It was Krugman last week to declare a recession.
Now it is Stephen Roach (I thought he was optimistic cause the IMF was on the job...?) predicting gloom.
This is a confirmation of the Krugman Buy Signal. Buy Stocks.
Now it is Stephen Roach (I thought he was optimistic cause the IMF was on the job...?) predicting gloom.
This is a confirmation of the Krugman Buy Signal. Buy Stocks.
posted by Donny Baseball at 10:55 AM
2 Comments:
how good are these contrarian signals? What's the long term track record?
You can get a glimpse of Roach's track record via Karlgaard's piece. He is perpetually bearish and has been throughout the 2003-2005 period where stocks had a nice run. He turned optimistic, due to laughable reasons as I pointed out, this spring to see the markets go nowhere. I don't know his detailed view as of now, but the FT article would be consonant with his longstanding pessimism. Krugman has been a notoriously bad forecaster.
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