He is the same guy that thought house prices would keep rising in 2007 after prices deviated by six standard deviations.

We experienced a six standard deviation move in the markets this year…care to tell me how this will turn out different that the housing market?

Troll.

GS et al are fully aware of blogs like this and surely wish to try and influence opinion even if they know it will only have a small effect.

Look at the complaints about the “Failure Circus” and the attempts to link discussion here to Denninger. Classic troll arguments

“The economic recovery does indeed justify the market rally.”

And the market rally proves the economic recovery, doesn’t it?

Are you going to provide some hard data to support your claim that the market was “undervalued” at this point? I guess not.

I guess you neither won’t tell me where you allegedly have provided all the detailed responses backed by analysis and hard data on the subject where the great recovery is going to come from once the unprecedented government stimulus to the economy is faded.

rc

http://www.huffingtonpost.com/robert-l-borosage/will-we-curb-wall-streets_b_320549.html

Rikky: I’ve backed up my posts with facts for weeks. Doesn’t matter here. The Failure Caucus is in full swing here and no matter what facts I post, they’ll find a Roubini or other, better yet, Denninger, to come out with some “here’s why the world is ending post”. It’s tiring after a while. Just look at the facts, earnings and economic reports – they speak for themselves.

“I am so sick of the “market isn’t the economy” line that many here throw out because they heard Roubini or some other doomer repeat ad nauseam. It’s a direct reflection of the mood of the economy.”

So you are saying, that the stock market rally proves that there is an economic recovery. And since there is an economic recovery, it justifies the stock market rally, doesn’t it?

rc

“Obviously if the economy is getting stronger, which it irrefutably is, then the market is going to reflect that. We’re still undervalued.”

Based on what metric is the market “undervalued”? Care to explain? Care to provide some data to back up this claim? Probably not.

rc