“I’m seeing an S&P 500 that has priced in 30% profit growth next year. We were priced for Armageddon and now we’re priced for nirvana but the truth is probably somewhere in between.” -David Rosenberg
As far as Rosenberg is concerned, stocks can’t support their current gains.Here’s why:
- Financial stability remains uncertain in the post-bubble credit [...]
Is a 2009 stock market crash looming? Here’s why it might happen..
April 24 (Bloomberg) — Executives and insiders at U.S. companies are taking advantage of the steepest stock market gains since 1938 to unload shares at the fastest pace since the start of the bear market.
Gap Inc.’s founding family sold $45 million of shares [...]
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