Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (112919)	11/1/2008 7:18:29 PM
From: Kayaker	Read Replies (2) \| Respond to of 206178

Yes, I listened to Roubini on BNN. Kevin called him "dude". I have no idea if we just passed the bottom, or we're in a bear market rally that will fade to the lows or lower. Wish I knew. Roubini has been right, but will he continue to be bearish way past the lows? Dunno. I think he's more of an "economy" guy than a "stock market" guy. Many stocks 50% off their lows. Watching... 100% cash.

To: Cogito Ergo Sum who wrote (112919)	11/2/2008 1:58:48 PM
From: ChanceIs	2 Recommendations Read Replies (2) \| Respond to of 206178

I saw Roubini in person this last Thursday at the American Enterprise Institute. He has become quite the voice - giving a major (15 minute) interview at least every other day. What he said at the AEI wasn't too much different than what he said here. The AEI had a conference with six presentations from prominent economists (vice news anchors). Then the individual presenters had the opportunity to interrogate each other. Roubini fielded a few questions from hos peers, but there was certainly implicit agreement from his peers with everything he said. What he has been saying new in the last week is (paraphrase): Progress in the debt markets??? Yes there has been some change. Before the banks weren't lending to each other at 4% LIBOR. Now they aren't lending to each other at 3% LIBOR. My financial well being depends on the markets. I follow them as close as possible from my "retail desk." I am very sure that the news service only recently started tuning in on LIBOR as a real indicator of the health. I would guess that most in the media had never heard of LIBOR a year ago. The real experts (eg Jim Rogers) were pointing at LIBOR and howling a year ago. My overwhelming sense is that last week's rally was in large part due to LIBOR slipping. It is also my sense that 1 in 100 actually asked what volume of loans was transacting at 3% LIBOR. Hell, I don't even know how to find out. I think that most of the world is deceived and his address of the volume is huge. I have seen Roubini in person three times now. Shook his hand last spring. My overwhelming impression is that he is a person of great sincerity. He hung it all out there two years ago in predicting this fiasco - and received more than a little ridicule. I also sense that he has been cashing in - making his career. There is nothing wrong with that. However if you look at his resume, it is clear that he has already made it - he could have a job at any prominent financial institution. He still might be reaching for the book deal - again nothing wrong with that. Having said all of that, I find him a little weird in the sense that he always tries to dress like a slob. He wears a tie, but always has it down a couple of inches. I would guess that the presidential candidates appear in dress shirts w/o ties half of the time. That has become acceptable. I think that he should either lose the tie or keep it spiffed. He seems to be trying to make some sort of anti-administration statement. Like the hippies with long hair in the '60s. Bottom line.....I ascribe a huge amount of credibility to what he says.