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Great Analysis By David Rosenberg

19 October 2009 No Comment

I really enjoyed this interview from this morning:

David has a great perspective on the markets, economy and the government’s role in our economy. A couple highlights:

  • Despite being a “perma-bear”, David was looking for an extreme bottom to become a big time buyer.  We never reached those levels.
  • He believes the market should be trading between 850 and 900 on the S&P.
  • Most of the recovery is dependent on the government
  • Skills, education and productivity should be the focus… not consumption and home ownership
  • We completed a 25 year period of living above our means; now we’ll have to live below our means.

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