To: cmg who wrote (14062 ) 4/30/2013 9:45:22 AM From: richardred 1 Recommendation Read Replies (1) | Respond to of 33421 FWIW- Post at face value "The Trend is Your Friend" I used to remember Stan Weinstein & the late Mary Zwieg saying this many times. Weren't Henry Kaufman or Joe Granvlle the original Dr. Dooms? BTW- IMO Long ago Joe G moved markets. However,Joe Granville missed one hell of a bull market and suffered because of it. Lou Rukeyser and Marty must be grinning. RIP I'll post the Dr. Doom I know. a reminder to myself that he maybe lurking. Dr. Doom: Buy stocks while you still can By Maureen Farrell | CNNMoney.com – 10 hours ago The famously gloomy economist Nouriel Roubini has finally fingered an investment he likes. But his advice carries an expiration date. Roubini is predicting an uptick in stock prices over the next two years as the Federal Reserve continues its stimulus efforts. But buyer beware, Dr. Doom says, because a day of reckoning is lurking at the end of the two-year horizon. Roubini, an economics professor at New York University best known for predicting the U.S. housing crisis, thinks the Federal Reserve and other central banks around the world can and will prop up stocks and bonds for the next two years. The Fed, he said, is creating the same problems that led to the financial crisis in 2008 by keeping rates near zero. "They are creating massive fraud," Roubini said during a panel at the Milken Institute Global Conference in Beverly Hills, Calif. Monday. He pointed to the junk bond market as one example of a bubble. "At some point, there's a levitational problem," said Roubini. When gravity sets in, Roubini says there will not be a recession but a depression. With slowing global growth, it's impossible to keep stocks and bonds at these valuations. "The global growth scare would imply that commodity prices should be lower, bond yields should be lower, and equities should be lower," he said. Europe remains the biggest threat or so-called tail risk. Roubini said it has become clear that the recession has moved from what's considered peripheral Europe or Spain, Italy, Portugal, and Ireland and into the core Europe. Only Germany, he said, looks somewhat immune. Investors might want to ride the bubble higher. "In the short-term, it's great for assets."finance.yahoo.com