Saturday, November 06, 2010

We are in a Depression, David Rosenberg, 08/24/10, CNBC's Fast Money

Market was weakening into end of AUG....that's when FED stepped in with POMO actions and got SEPT to be best in last 70 years.

One point made here....."housing has led the US OUT of Recession 7 of the last 8 TIMES......" think about that.....housing fell off a cliff, laying somewhere near bottom.

It shows rally is artificially stimulated....sugar high....
D

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