From The Pragmatic Capitalist:
As you can imagine, the action in equity markets of late is quite satisfying for David Rosenberg, who has been unwavering in his bearish outlook. He isn’t changing his tune now. Rosenberg says there is no v-shaped recovery on the horizon and that this market isn’t (and hasn’t been) trading on fundamentals and is entirely technically driven:
He continues to think the market is overpriced and ripe for a serious decline. He throws in a couple of jabs at CNBC while he’s at it:
“This is a stock market that is as overpriced as it was heading into the October 1987 crash and...
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