Do Your Homework and Stop Looking for the Easy Way Out
The WSJ released an article last night on Nouriel Roubini, nicknamed Dr. Doom for his consistently bearish outlook that happened to accurately foresee the 2008 crisis. Apparently, he’s changed his tune: “We’re a believer; we’re celebrating. We think the rally has legs,” said Gina Sanchez, Roubini’s director of equity and allocation strategy, and a contributor on CNBC. She tells us that Roubini’s firm currently recommends being overweight equities, playing cyclical areas of the market such as technology. “Also we’d take some tilts into staples and telecom to collect yield. And we’d also be overweight ag and livestock. Generally we’d take … Read more