"Roubini predicted on July 23 that the global economy will begin recovering near the end of 2009 before dropping back into a recession by late 2010 or 2011 because of rising government debt, higher oil prices and a lack of job growth." C**ksuckers in the media. Roubini is essentially calling for the big W if not L, and these assholes manipulate his words and put out bullshit headlines. http://www.bloomberg.com/apps/news?pid=20601087&sid=aw0Kta0tvjIY
No need to worry, the market is being pumped up with massive amounts of injections by the fed, only fools believe the economy is going to turn around over the next 5 months. Let the dumb bulls get their massive bear market rally and let them think were headed for a "V" shaped recovery when in reality it is going to be a guaranteed "L" shaped recovery. You will be able to buy s&p 500 at 1000 5 and even 10 years from now. There is absolutely no catalyst for sustained economic growth going forward unless they create another bubble which we already know the fed is certainly cabable of doing. Aside from that what really annoys me is the low rates the fed continually seems to ignore knowing that they believe growth in the economy is coming as early as Q409. If everyone is so positive on the economy why do we have rates at zero.