- Investment Postcards from Cape Town - http://www.investmentpostcards.com -

Rosenberg – “Market has overshot the fundamentals”

Posted By Prieur du Plessis On October 20, 2009 @ 11:48 am In Investment,Markets,Money | No Comments


David Rosenberg, chief economist and strategist of Gluskin Sheff & Associates [1], discusses the outlook for the stock market in the video below.

“My view is that we are still in a secular bear market … My big concern is that the market has gotten ahead of the economy. The S&P is pricing in $85 dollars of operating earnings which would be a doubling from where we are right now, and it usually takes four to five years to double earnings off a recession low … The market has clearly overshot the fundamentals,” said Rosenberg.

Source: CNBC [2], October 19, 2009.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail. [3]

More on this topic (What's this?) [4]
Why We May See a Rally in U.S. Stocks [5] (Money Morning, 12/19/11)
Stocks Keep Rallying [6] (Random Roger's Big Picture, 2/14/12)
Stick To Your Plan [7] (The DIV-Net, 2/16/12)
Read more on S&P 500 (SPX) [8] at Wikinvest [9]

Article printed from Investment Postcards from Cape Town: http://www.investmentpostcards.com

URL to article: http://www.investmentpostcards.com/2009/10/20/rosenberg-%e2%80%93-%e2%80%9cmarket-has-overshot-the-fundamentals%e2%80%9d/

URLs in this post:

[1] Gluskin Sheff & Associates: http://www.gluskinsheff.com/

[2] CNBC: http://www.cnbc.com/id/15840232?play=1&video=1300052590

[3] Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.: http://www.feedburner.com/fb/a/emailverifySubmit?feedId=921608&loc=en_US

[4] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire

[5] Why We May See a Rally in U.S. Stocks: https://moneymorning.com/2011/12/19/why-we-may-see-a-rally-in-u-s-stocks

[6] Stocks Keep Rallying: http://randomroger.blogspot.com/2012/02/stocks-keep-rallying.html

[7] Stick To Your Plan: http://www.thediv-net.com/2012/02/stick-to-your-plan.html

[8] S&P 500 (SPX): http://www.wikinvest.com/index/S%26P_500_(SPX)

[9] Wikinvest: http://www.wikinvest.com

Copyright © 2008 Investment Postcards from Cape Town. All rights reserved.