Dr. Doom, or Nouriel Roubini, has come out predicting that stocks and commodities may tank when they figure out that the recovery is far short of the recovery that is being priced in. Last night he told Bloomberg TV, “Markets have gone up too much, too soon, too fast…” More importantly, in the expected U-shaped recovery that is expected in Q4-2009 or Q1-2010, the markets are anticipating much more than what the reality is. He further noted, “Eventually markets are going to flatten out and correct to valuations that are justified.”
Roubini is also scheduled to be on CNBC this morning, and his interviews are likely to be picked up at other media outlets throughout the day. Now we just need Meredith Whitney and Julian Robertson to key in for trifecta of doom.
JON C. OGG
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