From Investment Postcards from Cape Town:
“The big story yesterday was not some possible computer glitch (though that was the weirdest 20 minutes in front of the Bloomberg in my professional life), but the fact that the contagion risks are turning into reality in the Eurozone periphery,” said David Rosenberg, chief economist and strategist of Gluskin Sheff & Associates, regarding the dramatic break in equity markets on Thursday.
For those who missed the “live” action on Thursday, and the continuation of the declines on...
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More from David Rosenberg:
Analyst Rosenberg: Stocks overvalued by 35%
Top analyst Rosenberg: Debt destruction is just beginning
Top analyst Rosenberg: "Big" market event could be coming