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Top analyst Rosenberg: 400 point rally is a huge bearish sign
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Thursday, May 13, 2010
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From Pragmatic Capitalism:

Excellent note this afternoon from the always cheerful David Rosenberg. Mr. Rosenberg notes that 400 point rallies and increased volatility are not the signs of a bull market, but rather a bear market! Rosenberg writes:

“The obvious question is: how can the bull market possibly be over considering that we enjoyed that amazing 405-point rally on the Dow just three days ago (Monday, May 10)? Wasn’t that an exclamation mark that the bull is alive and well?

Far from it. There have been no fewer than..."

Read full article...

More from David Rosenberg:

Top analyst Rosenberg: 10 big reasons to worry

Analyst Rosenberg: Debt destruction is just beginning

Top analyst Rosenberg: "Big" market event could be coming

Topics: Guru | Stocks
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