Sunday, May 20, 2012

David Rosenberg: "Despair Begets Hope"

Presenting the best weekly self-contrarian segment from everyone's favorite Gluskin Sheff-based skeptic - David Rosenberg:
DESPAIR BEGETS HOPE
... Over half of the 2012 price advance has been reversed in barely over a month as the broad market drifts down to its lowest level since February 2nd. The Financial Times makes the point that the 10-day relative strength index at 29.2 is deeply into oversold territory. The Canadian TSX index is officially in bear market terrain, having declined

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