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Monday, 10/24/2022 5:39:10 PM

Monday, October 24, 2022 5:39:10 PM

Post# of 19306
This is definitely a must read interview with David Rosenberg. You want to read the whole thing, especially the part where he explains when the top and more importantly when the LOW should come in the market. The most revealing thing he talks about is when they stop raising rates and then pivot, he sees the market having a sucker's rally. Everyone will think good times are here again that will most likely be the top.because the problem is we'll also be in a recession with a bad economy with BAD earnings, so after the market initially pops the reality of going through a recession will take over and tank the market to it's lows.

Rosenberg thinks the market bottom will come closer to when the Fed is finished cutting rates than when they begin cutting. He thinks that will be by the end of 2023 and the market should come back in 2024. That would most likely also be when gold and the miners head higher. Very interesting take on what's going to happen and he gives some historical past on it happening before.

https://www.marketwatch.com/story/from-bambi-to-godzilla-strategist-david-rosenberg-skewers-the-federal-reserve-as-he-sees-a-30-hit-to-home-prices-and-the-s-p-500-returning-to-an-early-2020-low-11666627170?mod=home-page
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