Kaffeeklatsch der Bären
From Albert Edwards’ latest:
I was on gardening leave when the Dow reached its previous peak in October 2007. One echo from those days is that I was beginning to feel lonely. Pessimism (realism) is very rare on the sell-side so I took a coffee with my fellow bear, Bob Janjuah and cheered up tremendously, reinforced in my belief that this is all going to end very, very badly indeed.
Still, the Societe Generale strategist clearly left wired, as Albert reckons Italian stocks are looking cheap....MORE
Albert's got his buzz on
HT: Yves
