Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: DlphcOracl who wrote (29669)	2/14/2002 10:12:50 AM
From: DlphcOracl	Read Replies (2) of 99280

What am I missing here? Earlier this AM, Howard Rosencrans of HD Brous & Co. was on CNBC declaring that he had switched from being bearish to bullish on the market. Both he and his firm (http://www.cross-currents.net) have been notoriously bearish (similar to Wm. Fleckenstein) over the past two years -- correctly, as events have proven. He now says that all of the bad news "is built into the market" and cited the usual litany -- recovering economy and more favorable economic data, Fed interest rate cuts and liquidity added to money supply, etc. What I don't understand is: as little as 2-3 months ago, with the indices at lower levels, he was quite bearish. Either he sees something in the economic data that is quite encouraging or he is FOS. What am I missing here?

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