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Monthly Archives: November 2013
Relentless rally chasing bears to near extinction
David Rosenberg turned bullish in the past year as his firm searches for a buyer now that assets under admin have recovered from their 2008 losses (also see: David Rosenberg turns bullish, earns $3.1m). Hugh Hendry capitulated last week and … Continue reading
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New wave of loan losses hitting at a bad time for banks
“A new wave of problems could be approaching the mortgage industry. U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, and that could be another hit for the banks.” Here … Continue reading
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Big black holes in the bullish case
Bubble television is rolling out all the usual bull artifacts to justify why stocks keep going up: Abbey Joseph Cohen (Ms. tech stocks for the long-run of 1999 and commodity stocks for the long run of 2008) and Warren Buffet … Continue reading
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