Friday, October 28, 2016

David Rosenberg*: It's 'Late In The Game' 
For The Market & The Economy
Rosenberg believes both the bull market & economic recovery are nearing an end, winding down though not at the point yet of becoming completely undone .. "Most of the patterns, both in the realm of financial assets and the real economy, are flashing this signal — one of a very mature market .. Now I am not sure if this is the seventh inning, or the ninth, it is likely somewhere in between .. Having cash on hand, reducing the beta of the portfolio, focusing on the running yield, and stepping up in quality across the capital structure are all going to pay off in terms of preserving capital, generating decent mid-single digit net returns at the very least, with a view towards allocating the dry powder at better price levels that will allow for a return to high-single digit or even double-digit returns once the dust settles."
LINK HERE to the article

1 comment:

Anonymous said...

The Top 100 Most Damaging Wikileaks (So Far)Tavakoli Structured Finance, Inc.
The Top 100 Most Damaging Wikileaks (So Far)

Hat tip for the link to the Top 100 Most Damaging Wikileaks (So Far) to a former Salomon Brothers Liar's Poker classmate who is now a money manager in Palm Beach. One thing my oldest friends have in common is that they are all truth seekers.

When a government profoundly lies to its bosses, the citizens who elected it to represent them, that government gets no sympathy when it tries to cast a shadow on the way the lies were exposed.

The first order of business is not to punish the messengers, rather it is to prosecute government crimes that have been exposed.