Pragcap suggests that perhaps David Rosenbear is underestimating the money printing machine. – Ilene
WHY THIS ISN’T A NEW SECULAR BULL MARKET
Courtesy of The Pragmatic Capitalist
Tyler over at Zero Hedge has an excellent chart from David Rosenberg at Gluskin Sheff comparing the secular bull in 1982 with the current environment. It clearly shows why we’re not in a new bull market. Though I agree with Rosenberg that the market remains in a secular bear, the power of money printing is likely to keep showering markets with kool-aid. Combined with very low earnings
Click for larger image
Source: Gluskin Sheff