A ban on shorting, bailing out banks with trillions and risk shifted to tax payer also aided in the rally. Banks decided not to recognize the loss on their balance sheet, took gobs of money from Govt and traded on that capital from tax payer to aid the market shoot north wards.

Bottom line: They privatized the profits and socialized the debt. Free market had ceased to exist since fall of 2008! The Big O chidded GM bond holders but never demanded sacrifice from the equity and bond holders of banks, brokers and Ins Cos, a double standard went unchallenged by MSM. The market was rigged to benefit FIRE Economy at cost general Economy. Rest, who thought and acted rationally got the short end of the deal. Charade continued and insanity reigned untill now! The reality will come back with vengence for having short term solutions to festering problems of this decade! Can’t wait for that show to begin! (LOL!)

I think you can choose between who you think is going to provide the advice that you feel is right.

If you think as a bear… you accept the facts the the uber bear tells you. Rosenberg is a bear…

Or if your thinking as a bull… you’ll accept the polly-annie crap that any advisor telling you what is going to be hot… you’ll accept it as fact.

“Rosenberg warned people to get out prior to the collapse.”

This is the most common misinformation that the mainstream media if propagating (the media is obsessed with all the negatives, and glorifies the perma-bears like Rosenberg and Roubini).

It is correct that Rosenberg was right in 2008, maybe even right in 2007, BUT he was wrong in 2003, wrong in 2004, wrong in 2005, wrong in 2006, and wrong in 2009.

During the last 7 years, he was correct for 1 or 2 years and wrong for 5 years — WRONG ~70-85% of the time (much worse than even flipping a coin — 50%)

My view…..IT IS TIME TO NOW ONCE AGAIN SHORT THIS BULLCRAP THING WE CALL A MARKET HERE IN THE US.

A bear market rally means a short-term, non secular move. It does not mean SHort equities here.

Had they listened to people like Climategate (or his ilk) before the collapse, they would not have any cash to invest anyway.

Re: “how many people can exit and take real gains before that 65% is a reversal
answer”

I am not sure I understand the relevance of your question to Rosenberg’s excessive subconscious hate for the US, his excessive long-term perma-bearishness, and his multiple consistent wrong predictions (even a blind squirrel finds a nut once in a while).

We have many problems in the US, BUT we also have many POSITIVES.

Unfortunately, the perma-bear only selectively underlines the negatives and selectively omits all the positives.

In addition, his interpretation of the 2003 bull market was not all that dissimilar from his current outlook and interpretation of 2009 bull market rally.

If someone allocated at 100% stocks during this period they would have done so AT VERY HIGH RISK (as is any normal environment). Rosenberg’s clients made profits during this timeframe, at lower risk, and at lower returns. Hence, IMHO, the people who followed his advice did not lose 65%. You sound bullish and he sounds bearish. YMMV.