S&P 950 Around The Corner?
By: True he’s been bearish, but he’s also been right. He correctly predicted the financial and housing collapse of 2007.
We're talking about widely followed strategist David Rosenberg of Gluskin Sheff.
And Roseneberg is buckling his seatbelt. That’s right the Gluskin Sheff Chief Economist is expecting a bumpy ride.
He says the market has been overvalued for about the past 9 months and brutal downdrafts combined with intense volatility are signs of bottom and tops.
Guess which this is?
Get all the details. Watch the video now!
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Trader disclosure: On May 25, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (FTO), (IPSU), (RSX), (PFE), (STLD), (TER), (YHOO), (AXP), (BMO), (BBY), (DIS), (XCO), (BTU), (SWN), (GLD); TERRANOVA OWNS GOLD; Cortes Owns Gold; Cortes Owns (FCX), (FXI), (GS); Scott Nations Is Long (SPY); Edwards Owns (VXX); Tomasulo owns VIX calls; Tomasulo owns (VXX); Tomasulo owns (PCLN) calls; Tomasulo owns (V) calls; Tomasulo owns Gold spot futures; Tomasulo owns Euros
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