Stephen Roach, chairman of Morgan Stanley Asia Ltd., talked with Bloomberg's Maryam Nemazee about the U.S. economy and Federal Reserve monetary policy, See:Roach Expects `Very Modest' U.S. Consumer Spending March 4 (Bloomberg)
Bottom line from Roach: don't confuse the bottoming process in a 'new normal' global economy, with hopes for a 'bounce-back' recovery.”
Also Robert Prechter, founder of Elliott Wave International Inc., talked with Bloomberg's Betty Liu about his stock market analysis and investment advice. See:
Robert Prechter Says Equities to Drop, Invest in Cash March 4 (Bloomberg).
And see this March 1, 2010 paper “Where are we now?” by respected Market Technician Dick Arms. (Hat tip The Big Picture Blog) Our market technician Cory Venable has been speaking about similar themes the past couple of months. I find it noteworthy when completely separate (and excellent) analysts use their own unique filter set and arrive at similar conclusions. Dick's paper is even readable for non-technicians—a bonus!
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
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