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I just read a CNBC story which fails to mention CNBC’s involvement in the apparently erroneous report that Nouriel Roubini has suddenly become more bullish. Is this omission justified? 
The controversy centers on statements Roubini made regarding the timing of a technical recovery in the United States.  Yesterday, it was reported on CNBC and elsewhere [...]

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I have introduced the concept of a technical recovery to describe the anticipated weak recovery period that lies ahead.  Van Hoisington and Lacy Hunt have a different term to remember: Partial recovery.  They see the potential that a partial recovery will end this business cycle, and that’s not bullish for stocks:
Recessions end when the National [...]

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David Rosenberg is out with a bearish piece on equities today (I hop that doesn’t surprise you).  He sees the market as still overvalued at these levels. The key, he say is that most of the rally has been built on multiple expansion and not earnings growth. Here is what he says (emphasis added)
We heard [...]

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Here is a Marc Faber interview from March. It is well worth watching because he calls things perfectly through June: economic news, equity markets, and commodity markets.
This is billed as a Czech TV interview.  But the audio is pretty bad. So, the interviewer may be a Czech with halting English, but this is hardly [...]

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PIMCO, the world’s largest bond fund, has a new investment outlook by Founder Bill Gross. In it he says that we are in a long-term lower growth pattern as the asset-based economy of yore has melted away.  He warns that this means risky assets should not be one’s investments of choice.
Here are a few choice [...]

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Last month I said that June was significant for two reasons.  First, we are going to get our first test of data that could disappoint, which would spell trouble for an overbought market. But, just as important, we need to watch the industrials because there is going to be no sustainable recovery unless these cyclical [...]

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Yesterday, I wrote “Some think this is a secular bull – a view I am not discussing in this post.  Others see this as a cyclical bull-market a.k.a bear market rally  I would put Jeremy Grantham in this category.  I would also put myself here, although I do think short-covering has made this rally dangerously [...]

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The data for personal consumption came out yesterday.  However, I have not had a chance to look at the data and write a post until now.  What I see right now is not good for a sustainable recovery.  Let me tell you why and how this could impact the chances for getting a longer cyclical [...]

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There has been a lot of chatter in the markets about why U.S. equities continue to rally.  Three distinct viewpoints have surfaced, two of which are bearish and one which is bullish.  Let me share those theories with you.
1. Market Manipulation aka. the Plunge Protection Team
In this storyline, someone (probably the famed Plunge Protection Team) [...]

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Actually, I lied.  He really is not that bullish at all.  But he does sound relatively upbeat by comparison to 5 months ago.
I have seen Whitney Tilson of T2 Partners a lot in the media of late.  The two most recent appearances are with Tech Ticker where he talked about house prices and with the [...]