Replies to post #85090 on Biotech Values

[DewDiligence]

Re: Roubini

You're deliberately obfuscating the issue…

To the contrary, bladerunner, you were the one who attempted to obfuscate by posting in #msg-42525162 that “Dew has a serious tendency to confuse Main Street with Wall Street.” This was a lame attempt to deflect the focus of the discussion from Roubini’s horrifically bad investment advice.

Your post from March 2009 (#msg-36590676) in which you noted, “Roubini isn't buying this rally,” says it all.

Roubini made a bad call for the ages. If he had any integrity, he would apologize and retire from the business of rendering investment advice.

[Biowatch]

I don't think many believe "the Markets are headed swiftly back to pre-recession heights."

Yes, the recession might be over, but I keep hearing that unemployment rates will remain high for quite awhile.

Unemployment
= no income
= no automatic monthly investing in 401K plans
= less tax revenue (and whether you like it or not, state governments employ many people, from school teachers to bridge inspectors and road repair crews)
= continued lack of upside on housing prices
= lack of borrowing power
= less spending
= bad news for a consumer driven economy