Roubini: Bear Market Rally, S&P to 600

May 13, 2009 Nathan A. Martin

Notice the reporter tries to get him to put a positive spin on his comments. Doesn’t work, but Roubini is wrong, in my opinion about his depression comments. In my opinion we will only avoid depression via government statistic manipulation. If the statistics were kept in the same manner as past data, there is no doubt we would get there. Also keep in mind that there is no firm definition of economic “depression.”

Roubini only talks for first half, his S&P to 600 comment comes from another bloomberg article discussing his latest talk…

Roubini on Bloomberg (5 minutes):

[video1]E7JTCvFxWo8[/video1]

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About Nathan A. Martin 121 Articles

Nathan A. Martin is President of Wingman Investments, LLC, and author of the book Flight to Financial Freedom – Fasten Your Finances. He sees people, both young and old, facing a new era where they are forced to be responsible for their own financial success or failure. His message is clear; become financially literate or be a victim of the external forces that are impacting everyone. Nathan possesses an undergraduate degree in Professional Aviation and Business as well as a Master’s degree in Aviation Management and Operations.

A former Air Force and retired airline pilot, his flying took him the world over participating in many operations including the invasion of Panama, and combat time during Operation Desert Storm. Experience has come over 26 years of flight - logging more than 12,000 flight hours both civilian and military, and as the owner of a corporate aviation management company whose focus was aircraft efficiency.

Influenced by his parents entrepreneurial activities, Nathan began his business and investment training early in life and has used that knowledge every step along the way... from business school to his own corporations and personal investments.

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Roubini: Bear Market Rally, S&P to 600

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