ThatStockGuy

Article

At 1:41pm yesterday, CNBC had a “News Alert”

Take a look at where the market was and where it went.

Here is a post by Nouriel Roubini shortly after the closing bell.

“It has been widely reported today that I have stated that the recession will be over ‘this year’ and that I have ‘improved’ my economic outlook. Despite those reports – however – my views expressed today are no different than the views I have expressed previously. If anything my views were taken out of context.

“I have said on numerous occasions that the recession would last roughly 24 months. Therefore, we are 19months into that recession. If, as I predicted, the recession is over by year end, it will have lasted 24 months with a recovery only beginning in 2010. Simply put I am not forecasting economic growth before year’s end.

http://www.rgemonitor.com/roubini-monitor/257299/roubini_statement_on_the_us_economic_outlook

This past week, I have never seen such a pump job in all my life. Earnings thus far have left a lot to be desired. This market is not something I would want to invest retirement funds in. This entire market is turning into a circus act.

I’m not really a fan of Glenn Beck, but I am glad someone is finally talking about it