We were caught up by surprise when we read a headline that said « Dr. Doom thinks rally has legs… ». So, considering his awful stock market timing (he told everyone to stay « short » in 2009 and 2010, two of the largest rallies in history!), we thought perhaps it is time to consider our « Inverse-Roubini ETF » strategy.
Anyway, here is what we read on CNBC:—–
The perennially negative Nouriel Roubini – nicknamed Dr Doom for his usually critical views – is turning bullish. You read that right, Roubini is betting on additional stock market gains.
“We’re a believer; we’re celebrating. We think the rally has legs,” explains Gina Sanchez, Roubini’s director of equity and allocation strategy.
She tells us that Roubini’s firm currently recommends being overweight equities. « Generally we’d take advantage of the risk rally. Celebrate now.”