Monday, August 14, 2006

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.


Blogger Tax Shelter said...

how good are these contrarian signals? What's the long term track record?

8:55 AM  
Blogger Donny Baseball said...

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.

9:38 AM  

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