Famous economist Nouriel “Dr. Doom” Roubini is predicting an uptick in stock prices over the next two years as the Federal Reserve continues its stimulus efforts. But buyer beware, Dr. Doom says, because a day of reckoning is lurking at the end of the two-year horizon.
But for now, he says, investors might want to ride the bubble higher. “In the short-term, it’s great for assets.”
Well, let’s see how his previous calls turned out. The graphic below should paint a nice picture about “great market timers” like Roubini and Rosenberg.
So considering all the bad calls from the past, wouldn’t one be wise enough to short the US market?