Thursday, February 09, 2012

The Inverse Roubini ETF?

Roubini, the master forecaster, is at it again. Roubini is currently bullish in the short term. I call him the master forecaster not because he was accurate in forecasting the 2008 financial crisis, but because he simply comes up with an amazing number of forecasts. Probably more so than a typical forecaster.

I have written about his forecasting abilities before, so I will not go on a Roubini-bashing spree again. But what caught my attention was this snarky comment on Roubini's bullishness:
We were caught up by surprise when we read a headline that said "Dr. Doom thinks rally has legs...". So, considering his awful stock market timing (he told everyone to stay "short" in 2009 and 2010, two of the largest rallies in history!), we thought perhaps it is time to consider our "Inverse-Roubini ETF" strategy.
Shorting Roubini?

Source: Brazilian Bubble

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