David Rosenberg, chief economist and strategist at Gluskin Sheff, and Thomas Lee, chief US equity strategist at JPMorgan, share their outlooks on the markets and the economy.
Airtime: Tues. Nov. 24 2009 | 7:05 AM ET
Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work. ~Robert Orben
According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week's record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May '08 and net longs in the Canadian$ rose to the highest since Nov '07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to...
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November 27th, 2009 at 7:22 pm
Rosenberg is a great egg! Give me a C give me a N give me a B give me a C, yeah CNBC yeah S&P, rah rah.
November 28th, 2009 at 5:56 am
If American companies had record or near record profits for the third quarter, why is that not indicative of a bubble? Are they expecting to set even greater records for profits in the fourth quarter and subsequent quarters in 2010? I know stock market bubbles can last a lot longer than they should, but something is rotten in Denmark (or Dubai? … or Ukraine?). Jobless recoveries are becoming a characteristic of our economy and you know that can’t be good.
November 30th, 2009 at 7:27 am
this is the second time in a week that i’ve tried to listen to what david rosenberg has to say, but i cannot stomach the adhd blather from the cnbc talk show hosts and have to shut it off and have yet to hear what rosenberg has to say.