, [in the] same sort of way," added Rosenberg. "There are some companies here that you would think as being say cyclical in orientation, but actually emerged here as things that we need."
Rosenberg may be softening his negative stance, but he acknowledges the economic recovery will be rough. "It's reasonable to assume the eye of the storm is this quarter, and that we're going to get a recovery in fits and starts probably for the next year," he noted. "It's going to be a very feeble recovery, and I think what happens is the market will run ahead of itself."He adds there's one vital factor that would push him squarely into the bull camp.
"This big bear would turn bullish in a heartbeat if a vaccine were right around the corner," Rosenberg said. "We get a vaccine, it's a total game changer."
TradingNation Seriously? A monkey could predict this.
TradingNation big baby
TradingNation Has been a 🐻 for 25 yrs
TradingNation If your a long term bear surely you see the bigger problems than what a vaccine will suddenly achieve. I mean the fed intervened last year in a bull market to keep things going up
TradingNation A vaccine? No sh!t.
TradingNation 'big bear'? hehe