Thursday, January 15, 2009

The Latest Bear Market Sucker’s Rally is Losing Its Steam as an Onslaught of Awful Macro and Earnings News Takes Its Toll


The information on this website is fantastic. Nouriel Roubini has been right on about the markets.
You will have to go through the registration process to get this story. It is free. They also have an excellent premium service.

I have been predicting for a while that the most recent bear market sucker’s rally would lose its steam and – like the previous bear market rallies in the last 18 months – US and global equities prices would head again towards new lows.

Let me now explain why…this will be the worst US recession in the last 50 years and the worst synchronized global recession in decades.